Gold prices stabilize as details of the US-Iran agreement are awaited.

- Gold prices were largely unchanged on Tuesday after rising to their highest level in more than a week in the previous session, as investors awaited further details on the U.S.-Iran deal.

Spot gold rose 0.2 percent to $4,315.87 an ounce by 0231 GMT, after climbing 3.6 percent on Monday to its highest level since June 5.

U.S. gold futures for August delivery fell 0.3 percent to $4,337.10.

US President Donald Trump announced on Monday that a preliminary agreement had been signed between the United States and Iran to end the war in the Gulf, but details would be revealed later. Both countries said that a permanent ceasefire had not yet been negotiated.

Edward Meir, an analyst at Marex, said, "Gold prices have risen well since late Thursday thanks to the news relating to Iran. I think this rally, which is fueled by euphoria, could last for a few more days and culminate in the signing ceremony on Friday."

The dollar settled near its lowest level in 10 days.

Investors are awaiting the Federal Reserve's (the US central bank) monetary policy decision and statements on Wednesday, the first under Kevin Warsh's leadership, with widespread expectations that interest rates will remain unchanged.

Meyer said, "Markets are not expecting any interest rate cuts this year. If Warsh signals the possibility of at least one cut later this year, the dollar could fall further and we could see another rise in gold."

He added, "But if he seems more inclined to tighten interest rates, gold could come under some pressure."

According to the CME Group's FedWatch tool, traders lowered their expectations for a US interest rate hike in December to 57 percent following the agreement with Iran, compared to about 70 percent last week.

Gold loses its appeal when interest rates rise because it is an asset that does not generate returns.

As for other precious metals, silver fell 1 percent to $69.29 an ounce in spot trading, platinum dropped 0.9 percent to $1,751.55, and palladium declined 1.6 percent to $1,327.27.