Business · Markets · 1 hr ago

Gold falls for a second session as investors await US inflation data

Gold falls for a second session as investors await US inflation data

Gold prices fell for a second session on Tuesday, with futures down 0.3% to $4,177.30 an ounce.

The decline followed a 0.6% drop on Monday, when futures settled at $4,190.60 an ounce.

Spot gold also fell 0.3%, to $4,157.90 an ounce.

Investors were waiting for US inflation data and comments from the Federal Reserve chair.

Those signals could help markets assess the future direction of interest rates.

The wait for clues on rates kept markets cautious as investors watched for important US economic indicators.

The figures and comments were still due, so the sources give no further market outcome.

1 source

Related