Gold slipped in early trading on Tuesday as the US dollar tried to post a rebound from earlier falls.
The Asian session saw the yellow metal trade lower at around $1,947 per ounce, while futures were little changed at $1,958 per ounce.
The US dollar again showed some recovery but still traded not falling from its one-month low against the major currencies.
US 10-year and two-year treasury yields rose higher to 3.82% and 4.75% at the opening of trade today.
The market is now awaiting Federal Reserve (Fed) Chairman Jerome Powell's testimony on Wednesday and Thursday before Congress for an indication of future rates following the 'hawkish pause' last week.
Although the Fed halted its rate hike cycle at its latest meeting, it still expects at least two more hikes this year.
