Gold hit a new record high of $2,956 on Monday as the US dollar strengthened and US yields remained flat.
At 9.15am, gold was at $2,951.22, having moved little since opening early Tuesday in Asian trading.
Trade volatility kept gold prices supported as investors weighed Donald Trump's proposal to delay tariffs on Canada and Mexico.
The delay was conditional and they agreed to work together to stop the illegal trade of fentanyl and illegal immigration.
On Friday, mixed data on US trade activity with the S&P Global Manufacturing PMI growing while the Services PMI contracted.
In addition, a report from the University of Michigan indicated that inflation expectations were rising and consumer sentiment was weakening.
The market sees gold prices extending their gains despite a prolonged sideways trend since last week.
