Gold was little changed on Tuesday, after falling in the past two sessions, as the dollar slipped and equities eased ahead of the US Federal Reserve meeting later in the day. Asian markets remained cautious with investors waiting for cues from the two-day Fed meet, sending the safe-haven yen higher.

Spot gold was up 0.1 % USD 1,316.80 an ounce at 0655 GMT, hovering above the previous session's close of USD 1,315.15.

US gold dipped 0.2 % to USD 1,317 an ounce.

Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.46 % to 958.69 tonnes on Monday.  

 Among other precious metals, palladium slipped 0.1% to USD 683.80 after touching a nine-month high of USD 688 earlier in the day.