Ammon News - Gold prices were steady on Tuesday as investors took a cautious stance ahead of the upcoming U.S. economic data that could provide insights into the Federal Reserve's interest rate path.

Spot gold was nearly unchanged at $2,638.73 per ounce, as of 0501 GMT, after falling as much as 1% on Monday. U.S. gold futures was 0.1% up at $2,661.10.

Key U.S. data this week includes the job openings due later in the day, the ADP employment report on Wednesday and the payrolls report on Friday.

Gold tends to thrive in a low-interest-rate environment and during periods of geopolitical turmoil.

On the geopolitical front, the Israeli military targeted dozens of Hezbollah positions across Lebanon on Monday.

Elsewhere, spot silver added 0.2% to $30.55 per ounce, platinum dropped 0.4% to $942.80 and palladium shed 0.6% to $975.74.

Reuters