Gold prices were steady early on Tuesday, hovering around nearly two-week lows hit on Friday, with the U.S. dollar buoyed by hopes of another interest rate hike this year after robust U.S. employment data.
Fundamentals
* Spot gold had edged up 0.1 percent to $1,258.20 per ounce at 0046 GMT.
* U.S. gold futures for December delivery were nearly flat at $1,264.20 per ounce.
* The Fed could leave interest rates where they are for now because inflation is not likely to rise much even if the U.S. job market continues to improve.
* U.S. Treasury yields slipped on Monday after a stronger-than-expected U.S. non-farm payrolls report the previous session, with no major market drivers ahead of a slew of government bond and corporate supply this week.
* Holdings at the SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, fell 0.03 percent to 786.87 tonnes on Monday from 787.14 tonnes on Friday.
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