Gold prices steady near 3-week peak as US bond yields dip.
Gold prices steadied near a three-week high on Tuesday, as lower U.S. Treasury yields partially offset pressure from inflation-fearing Federal Reserve and other major central banks that raced each other to ramp up borrowing rates.
Spot gold held its ground at $1,699.09 per ounce, as of 0341 GMT, having touched its highest since Sept. 14 at $1,702.39 earlier in the day.
