💨 Abstract

Gold prices rose slightly on Tuesday, but remained near a one-month low, as investors await U.S. economic data and comments from Federal Reserve officials for clarity on interest rate trajectory. The U.S. dollar held near a four-month high, making bullion less attractive for other currency holders. Gold is considered a hedge against inflation, but higher interest rates reduce its appeal. Market focus will be on U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖