Gold prices sat near a more than six-month high low hit in the previous session, as the dollar firmed amid easing risk aversion and expectations of further interest rate hikes by the US Federal Reserve.
Spot gold dipped 0.1 per cent to $1,257.81 an ounce, as of 0045 GMT. It touched its lowest since mid-December at $1,254.16 in the prior session.
US gold futures for August delivery were nearly unchanged at $1,259.70 per ounce.
The dollar index was steady at 94.674 after gaining 0.4 per cent overnight to snap a four-session losing run.
The US House of Representatives overwhelmingly passed a bill on Tuesday to tighten foreign investment rules, spurred by bipartisan concerns about Chinese bids to acquire sophisticated US technology.
US President Donald Trump on Tuesday endorsed US Treasury Secretary Steven Mnuchin’s measured approach to restricting Chinese investments in US technology companies, saying a strengthened merger security review committee could protect sensitive American technologies.
Trump said on Tuesday the government was completing a study about increasing import tariffs on cars from the European Union and suggested he would take action soon.