Gold prices fell slightly in early European trade on Tuesday and the dollar rose as investors awaited the outcome of the mid-term elections in the United States.
Spot gold slipped 0.2 percent to $1,671.36 per ounce, while U.S. gold futures were down 0.4 percent at $1,673.45.
Americans vote today in crucial midterm elections that could decide the political future of both President Joe Biden and his predecessor Donald Trump.
The Republican party is expected to get a majority in both Houses, paving the way for a political deadlock.
Against the backdrop of Donald Trump's expected jump into the race for the White House in 2024, Trump said he would make a "very big announcement" next week on November 15.
Meanwhile, U.S. Treasury yields held steady as focus shifted to the U.S. consumer inflation report, due on Thursday that could shed more clues on the Fed's monetary policy tightening stance.
