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Gold Prices Gain on Softer Dollar; Focus on US Inflation Data

Gold prices rose on Tuesday as the dollar softened, while investors awaited a key US inflation report and speeches from Federal Reserve officials for cues into the central bank's potential rate-cut timings. Spot gold was up 0.4% at $2,038.19 per ounce, as of 0840 GMT. US gold futures rose 0.5% to $2,047.90 per ounce. The dollar traded weaker, making greenback-priced bullion relatively less expensive for other currency holders.
United Kingdom Ajay Kedia Federal Reserve Kedia Commodities
Source: aawsat.com

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