Gold prices were little changed on Tuesday ahead of the U.S. Federal Reserve's meeting, while palladium prices hit a new record high on persistent supply worries.
Spot gold was flat at $1,780.90 per ounce by 0957 GMT. U.S. gold futures were little changed at $1,781 per ounce.
"Gold is sort of treading water ahead of the Fed meeting," StoneX analyst Rhona O'Connell said.
"The mantra of lower for longer in terms of U.S. interest rates is pretty unshakeable. So that would be essentially be supportive for gold. It wouldn't necessarily be outright bullish because that's what the markets expecting."
While no major policy changes are expected from the Fed's two-day policy meeting ending on Wednesday, investors will pay close attention to Chairman Jerome Powell's outlook on the economy.