Gold flat as investors await clarity on Fed policy.
Gold prices were little changed on Tuesday as investors sought clarity on whether the U.S. Federal Reserve would pause after a widely expected interest rate hike in May.
FUNDAMENTALS
* Spot gold was flat at $1,994.85 per ounce, as of 0027 GMT. U.S. gold futures were also unchanged at $2,006.50.
* Gold prices fell to their lowest in nearly two weeks on Monday after data showing manufacturing activity in New York state increasing for the first time in five months fuelled bets of a 25-basis-point rate hike by the Fed at its May meeting, and boosted U.S. Treasury yields and the dollar.
* The CME FedWatch tool shows markets are pricing in a 91% chance of a 25 basis-point hike in May.
