Gold slipped on Tuesday as the dollar steadied, with markets on edge ahead of a meeting this week that could see oil producers curb output.

Spot gold was down 0.2 % at $1,191 an ounce by 0559 GMT. It gained 0.9 % in the previous session. 

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 U.S. gold futures were slightly down at $1,190.10 per ounce.

Global growth will pick up faster than expected in the coming months as the U.S. President-elect Donald Trump 

"Gold could see a better tone this week assuming that the dollar takes a bit of a breather from its upward advance and if U.S. equity markets pause after several weeks of heady gains," INTL FCStone analyst Edward Meir said in a note.

Gold is highly sensitive to rising rates, which lift the opportunity cost of holding non-yielding assets such as bullion, while boosting the dollar, in which it is priced.