Spot gold had risen 0.2 % to USD1,245.40 an ounce by 0041 GMT, following a 0.4-% gain in the previous session.

Gold prices that hit a 13-month high last month are likely to fall back in the short term because of a slump in demand from key Asian consumers, GFMS analysts at Thomson Reuters said in a report on Tuesday.

Global gold demand tumbled by 24 % year on year to 781 tonnes in the first three months of the year, its weakest quarter in seven years, as buying from leading consumers India and China plummeted, GFMS said in the first-quarter update to its Gold Survey 2016.

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Gold trading range for the day is 28893-29441.

Gold prices dropped but recovered some of its losses as weaker-than-expected U.S. durable goods data knocked the dollar.

Many in the market anticipate the pace of increases to be gradual amid concerns over global economic growth and divergent monetary policies.