Gold prices were little changed on Tuesday as market participants awaited the minutes of the latest Federal Reserve policy meeting and economic data for insights on the U.S. interest rate path. Spot gold was stable at $2,639.45 per ounce by 0530 GMT, while US gold futures dipped 0.2% to $2,661.80.
Tim Waterer, KCM Trade's chief market analyst, noted that a stronger dollar and rising bond yields have weighed on gold. However, geopolitical tensions, such as Hezbollah's recent rocket fire at Haifa, offer support to gold's safe-haven appeal.
Tim Waterer, KCM Trade's chief market analyst, noted that a stronger dollar and rising bond yields have weighed on gold. However, geopolitical tensions, such as Hezbollah's recent rocket fire at Haifa, offer support to gold's safe-haven appeal.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.