Gold on Tuesday swung between gains and losses as investors weighed speculation the US Federal Reserve will maintain monetary stimulus against signs an improving economy will curb demand for a protection of wealth.
Gold lost 0.1 per cent to $1,572.81 an ounce.
However, silver traded little changed at $27.29 an ounce.
Silver ETP holdings dropped 175.1 tonnes, the most since January 25, to 19,491.3 tonnes.
Fed Chairman Ben S Bernanke said yesterday economic conditions are not what he would like them to be and Bank of Japan officials said last week they would boost monthly bond purchases to spur economic growth.