Gold prices inched higher on Tuesday after a sharp decline in the previous session, as investors awaited U.S. inflation data that could provide further clues about the U.S. Federal Reserve’s interest rate cut trajectory.
Spot gold rose 0.2% to \$3,352.99 an ounce, while U.S. gold futures for December delivery held steady at \$3,404.70.
On Monday, gold prices fell 1.6%, while futures dropped more than 2%, after U.S. President Donald Trump announced that tariffs would not be imposed on imported gold bullion, easing market concerns.
Source (CNBC Arabia Website, Edited)
