Ammon News - Gold prices steadied on Tuesday, hovering near a more than one-week high hit in the last session, as a softer U.S. jobs bolstered hopes of a Federal Reserve rate cut in September, weighing on the dollar and Treasury yields.
Spot gold held steady at $3,371.40 per ounce as of 0432 GMT. Bullion hit its highest since July 24 on Monday. U.S. gold futures was unchanged at $3,425.30.
The dollar index traded near a one-week low, making gold more affordable to holders of other currencies.
The yield on the benchmark 10-year Treasury note also hit a one-month low.
Traders now see a 92% chance of a September rate cut, per the CME FedWatch tool.
Elsewhere, spot silver fell 0.1% to $37.37 per ounce, platinum lost 0.4% to $1,324.05 and palladium shed 0.4% to $1,201.47. Reuters
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