Gold steadies below the $5,150 level following the previous day’s pullback from the monthly peak as traders opt to wait on the sidelines ahead of Trump’s State of the Union address. In the meantime, trade-related uncertainties and geopolitical risks seem to act as a tailwind for the safe-haven bullion. However, the Fed’s less hawkish outlook underpins the US Dollar, which, along with a positive risk tone, caps the upside for the non-yielding yellow metal.