South Korean Money Supply Growth Slows Amid Global Economic Uncertainty

The South Korean money supply growth rate has slowed down to 8% in July from its previous peak of 9.4%. This comes as a surprise, given the country's robust economic performance in recent months.

The Gold price regained $4,300 in the Asian session on Tuesday, but remains vulnerable near its one-month low touched the previous day. The US dollar is still underpinning due to Fed rate-hike expectations and inflation concerns.

The bears might wait for the outcome of a two-day FOMC meeting on Wednesday before placing fresh bets. This indicates that the market is waiting for further clarity on interest rates and monetary policy before making any significant moves.