Ammon News - Gold hovered close to a two-week high on Tuesday, supported by a weaker dollar and concerns over the U.S. fiscal outlook, while investors awaited more U.S. economic data for more clarity on interest rate trajectory.

Spot gold was little changed at $3,339.99 an ounce, as of 0228 GMT. Markets in the U.S. and London were closed on Monday for a holiday.

U.S. gold futures fell 0.8% to $3,339.80.

The dollar index eased 0.3% to hover near one-month low against its rivals, making greenback-priced gold more attractive for other currency holders.

Meanwhile, U.S. President Donald Trump backed away from his threat to impose 50% tariffs on imports from the European Union next month, restoring a July 9 deadline to allow for talks between Washington and the 27-nation bloc to produce a deal.

Fed funds futures traders see the U.S. central bank as most likely resuming rate cuts in September.

Elsewhere, spot silver gained 0.1% to $33.38 per ounce, platinum was steady at $1,084.28 and palladium eased 0.3% to $984.25. Reuters