Commodities
Gold Prices Steady Amid Middle East Tensions and US Labor Data
Gold prices steadied on Tuesday as traders assessed Middle East tensions and awaited key U.S. labour market data due this week that could shape expectations for Federal Reserve monetary policy.
The spot price of gold held its ground at $4,454.68 per ounce by 0057 GMT, after hitting its lowest level since August 19 in the previous session.
U.S. gold futures for December delivery rose 0.5% to $4,503.70.
Traders currently see a 65% chance of a September U.S. rate hike, according to the CME FedWatch Tool.