* Dollar eases off near one-week high * Interactive graphic tracking global spread of coronavirus: tmsnrt.rs/3mvcUoa (New throughout, updates prices, market activity and comments) By Shreyansi Singh Jan 26 (Reuters) - Gold prices edged lower on Tuesday on concerns over a fresh U.S. coronavirus aid package, while a slightly weaker dollar and subdued treasury yields limited losses and investors kept a close eye on the Federal Reserve's policy meeting. Spot gold was down 0.2% to $1,851.26 per ounce at 01:53 p.m. EST (1853 GMT). U.S. gold futures settled down 0.2% at $1,850.90. "There is no clarity on where fiscal spending is going, there is no full clarity of how the central bank is going to react ... these uncertainties are serving as a cap on gold," said Bart Melek, head of commodity strategies at TD Securities. However, the dollar slipped from a near one-week high, raising gold's appeal for other currency holders. "The U.S. dollar came off a little bit and that's typically a supportive factor." U.S. President Joe Biden's $1.9 trillion pandemic relief proposal faces hurdles as Republicans voiced concerns over the cost and lobbied for a smaller plan targeting vaccine distribution. "If they do reach a deal it might be a watered down version to get it through Congress, so that's also weighing on (the gold) market," said Saxo Bank analyst Ole Hansen. Investors now await the U.S. central bank's policy statement due at the end of a two-day policy meeting on Wednesday. Meanwhile, U.S. 10-year Treasury yields hit a near three-week low. Lower yields reduce the opportunity cost of holding non-yielding bullion. On the physical front, China's net gold imports via Hong Kong in December rose for a second straight month, although imports for the year plunged by 85% as the pandemic took its toll on the country's demand for the metal. Silver rose 0.6% to $25.46 an ounce, platinum edged 0.1% higher to $1,099.74, while palladium fell 0.6% to $2,319.75. (Reporting by Shreyansi Singh and Asha Sistla in Bengaluru. Editing by Mark Potter and David Gregorio)
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