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On Tuesday, gold tacked on in Asia, following positive figures from China on industrial output.

In New York, April delivery gold futures added 0.10%, hitting $1,204.25 a troy ounce. As for copper futures, they gained 0.15%, being worth $2.632 a pound.

Overnight, gold prices traded moderately higher, as political jitters from the EU backed demand for the number one precious metal, while the probability of an American rate lift later this week capped further revenues.

Gold stood firm during early morning trade on Monday, after market participants braced for a fresh round of political uncertainty from the European Union ahead of the Dutch parliamentary election on Wednesday. Though the risk of a Eurosceptic party emerging as victorious is quite slim, the Dutch election represents a relatively high volatile scenario as it goes ahead of the French elections.

Upside momentum in gold remained capped as political uncertainty kept playing second fiddle to hopes that the Fed will raise interest rates on Wednesday following the verdict of its two-day gathering on March 14-15.

On Monday, European stocks started the trading week off flat with mixed signs, as market participants looked ahead to a busy week, which will include an interest rate verdict from the Fed, Great Britain, triggering of Article 50 to start negotiations with the EU over the Brexit, as the UK’s exit is known, while eyes turn to elections in Europe.

The benchmark Euro Stoxx soared 0.04%, French CAC 40 slid 0.02% and German DAX 30 tacked on 0.04%.

Market participants seemed unwilling to make huge moves in shares at the beginning of a week with several key events.

The Fed’s widely expected to raise interest rates in its policy verdict announcement on Wednesday in what would only be the third move aimed at normalizing monetary policy in almost a decade after the financial crisis started.

Elections in the Netherlands are considered to be a bellwether for the further spread of populism in Europe, especially ahead of next month's French election, and those in Germany set for September.

In London, the FTSE 100 ascended 0.01%, backed by revenues in the mining sector.