Gold was steady on Tuesday, after falling from a 3-1/2-month high in the previous session, as investors awaited a speech by U.S. President Donald Trump later in the day for more clarity on his economic policy.

Spot gold was little changed at $1,252.90 per ounce at 0241 GMT. The metal hit its highest since Nov. 11 at $1,263.80 in the previous session on Monday. U.S. gold futures fell 0.4 percent to $1,253.80. Spot gold still targets $1,278 per ounce, following its break above a resistance at $1,249, Reuters Technical analyst Wang Tao said. 

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Investors are looking towards U.S. President Donald Trump's policy speech to a joint session of Congress on Tuesday night where he is expected to provide clues on his plans to cut taxes.