Gold held steady on Tuesday after a sharp fall in the previous session on a market-friendly French presidential vote, although tensions over North Korea offered support for safe-haven bullion. 

FUNDAMENTALS 

* Spot gold was unchanged at $1,275 per ounce by 0115 GMT. Bullion prices fell about 0.7 percent in the previous session after touching $1,265.90, the lowest since April 11. 

* U.S. gold futures were down 0.1 percent at $1,276.60 an ounce. 

* Russia and Kazakhstan raised gold holdings in March, the International Monetary Fund said. * UBS cuts three-month target for gold prices to $1,200 per ounce from previous estimate at $1,300.

* Polyus Gold, Russia's largest gold producer, reported a 19 percent rise in first-quarter sales to $600 million on Monday due to higher production. 

* Randgold Resources Ltd confirmed multiple opportunities for extending life of Tongon gold mine beyond current four-year horizon.

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