Gold Struggles Below $4,300 as China HPI Shows Slight Improvement

China's House Price Index (HPI) has shown a slight improvement in August, increasing to -3% from its previous reading of -3.2%. This development is not expected to have a significant impact on the global economy, given the current market conditions.

The gold price remains under pressure, hovering around $4,300 during the Asian session on Tuesday. The metal continues to struggle due to elevated US bond yields and inflation concerns, which are supporting the US Dollar. As a result, gold is facing resistance near its one-month low.

Market participants may be hesitant to make new bets in the gold market until after the Federal Open Market Committee (FOMC) meeting on Wednesday. The outcome of this meeting will likely influence traders' expectations and decisions regarding interest rates and monetary policy.