Ammon News - Gold held steady on Tuesday as investors awaited the Federal Reserve's Jackson Hole symposium later this week for cues into possible rate cuts and weighed Washington's efforts to end the war in Ukraine.

Spot gold edged 0.2% higher to $3,337.62 per ounce by 0609 GMT. U.S. gold futures for December delivery rose 0.1% to $3,381.50.

Fed Chair Jerome Powell's remarks at the Jackson Hole symposium through August 21-23 could offer clarity on the central bank's economic outlook and policy framework.

"Gold is still consolidating and is really waiting for a new catalyst to break higher. I think the big event to watch is Jackson Hole and whether the Fed brings the dovish guidance or not," said Kyle Rodda, Capital.com's financial market analyst.

Gold typically performs well in a low-interest-rate environment and amid heightened uncertainties.

Elsewhere, spot silver fell 0.3% to $37.88 per ounce, platinum was down 0.1% to $1,321.58 and palladium lost 1.1% to $1,110.53. Reuters