PRECIOUS-Gold slips to one-week low as safe-haven buying stalls, dollar strengthens

By Pablo Sinha

Feb 17 (Reuters) - Gold prices fell to a more than one-week low on Tuesday, pressured by a stronger dollar as investors tracked cues on geopolitics and the Federal Reserve's monetary policy.

Spot gold XAU= dropped 1.5% to $4,918.65 per ounce by 0933 GMT after losing over 2% earlier in the session. U.S. gold futures GCcv1 for April delivery lost 2.2% to $4,937 per ounce.

The U.S. dollar index .DXY rose 0.2% against a basket of currencies, making greenback-priced bullion more expensive for holders of other currencies. USD/

"Traders are currently in a wait-and-see mode...safe-haven demand has paused as markets await greater clarity from the U.S.–Iran talks, while expectations for the Federal Reserve’s rate path could be influenced by the release of the latest FOMC minutes," said ActivTrades analyst Ricardo Evangelista.

The U.S. and Iran will hold indirect nuclear talks in Geneva on Tuesday, with little clear indication of compromise as Washington masses a battle force in the Middle East.

Meanwhile, Ukrainian and Russian representatives will also meet in Geneva on Tuesday and Wednesday for U.S.-mediated peace discussions.

Investors will also scrutinise minutes of the Fed's January meeting, due Wednesday, for further clues on its interest rate-cutting path.

"Against a backdrop of geopolitical and economic uncertainty, which is likely to support safe-haven demand over the medium to long term, and dovish expectations for the U.S. dollar, I see gold prices consolidating above the $5,000 level and extending their advance towards $6,000 as the year progresses," Evangelista added.

Mainland Chinese, Hong Kong, Singapore, Taiwan and South Korea markets are closed for the Lunar New Year holidays.

Spot silver XAG= fell 2.5% to $74.63 per ounce, after dropping over 5% earlier.

Spot platinum XPT= fell 2.5% to $1,991.01 per ounce, while palladium XPD= lost 3.1% to $1,670.92.