Gold sees slight gains on Tuesday after a record run

Gold sees slight gains on Tuesday after a record run as the dollar regained some ground, although U.S.-China tension and bets for the U.S. Federal Reserve to reiterate a dovish policy stance underpinned the metal’s safe-haven appeal.

Spot gold was up 0.1% at $1,943.14 by 0507 GMT, but off its peak of $1,980.57 per ounce, with the dip also attributed to profit-taking.

U.S. gold futures rose 0.2% to $1,934.90.

Silver also trimmed gains and was up 0.7%, after rising as much as 6.4% to $26.19 per ounce.