💨 Abstract

Gold prices rose 1% on Tuesday, boosted by a weaker U.S. dollar and China's central bank adding to its gold reserves for a second month, while markets waited for U.S. economic data to determine the Federal Reserve's policy path. The increase in gold was due to the dollar's weakness and uncertainty surrounding President-elect Donald Trump's tariff policies, which could lead to higher inflation and limit the Fed's ability to cut interest rates.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖