Gold prices fell on Tuesday with investors awaiting a key U.S. inflation reading and the Federal Reserve's policy announcement for cues on when the central bank will start cutting interest rates.
Spot gold was down 0.3% at $2,304.32 per ounce, as of 0800 GMT. U.S. gold futures fell 0.2% to $2,321.20.
The strong U.S. jobs data and reports that China's central bank was holding off gold purchases sent bullion tumbling about 3.5%, or $83, on Friday in its biggest daily drop since November 2020.
Reuters
Gold prices fell on Tuesday with investors awaiting a key U.S. inflation reading and the Federal Reserve's policy announcement for cues on when the central bank will start cutting interest rates.
Spot gold was down 0.3% at $2,304.32 per ounce, as of 0800 GMT. U.S. gold futures fell 0.2% to $2,321.20.
The strong U.S. jobs data and reports that China's central bank was holding off gold purchases sent bullion tumbling about 3.5%, or $83, on Friday in its biggest daily drop since November 2020.
Reuters
Gold prices fell on Tuesday with investors awaiting a key U.S. inflation reading and the Federal Reserve's policy announcement for cues on when the central bank will start cutting interest rates.
Spot gold was down 0.3% at $2,304.32 per ounce, as of 0800 GMT. U.S. gold futures fell 0.2% to $2,321.20.
The strong U.S. jobs data and reports that China's central bank was holding off gold purchases sent bullion tumbling about 3.5%, or $83, on Friday in its biggest daily drop since November 2020.
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