Commodities
Gold Prices Rise as Dollar Eases Ahead of Inflation Data
Gold prices rose on Tuesday as the US dollar eased ahead of crucial inflation data releases. Spot gold gained 0.6% to $4,429.89 per ounce, while US gold futures remained little changed at $4,475.10.
The US dollar index slipped by 0.4%, making metals more affordable for holders of other currencies.
However, Chris Weston, head of research at Pepperstone Group, noted that gold remains locked in a battle between buyers and sellers, with neither party showing enough conviction to drive a sustained directional move.