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Headline : Gold prices steady with rate cuts, M.East peace talks in focus

Read more from the original article on here at ng.investing.com.





Tags : #gold #prices #steady #rate #cuts #meast #peace #talks #focus


No. of Paragraph 13

Investing.com-- Gold prices fell slightly in Asian trade on Tuesday, having taken limited support from increased unrest in the Middle East, while focus also remained on potential interest rate cuts by the Federal Reserve.

Gold rose on Monday after Israel launched a series of strikes against Rafah in Southern Gaza, a move that complicated ongoing ceasefire negotiations with Hamas. Reports also showed that ceasefire talks between Israel and Hamas yielded little progress. 

Gold was also supported by increased speculation over U.S. interest rate cuts following weaker-than-expected nonfarm payrolls data on Friday, which caused steep losses in the dollar. But the greenback found its footing on Tuesday.

Spot gold fell 0.1% to $2,322.65 an ounce, while gold futures expiring in June steadied at $2,330.95 an ounce 01:14 ET (05:14 GMT). 

Read more from the original article on here at ng.investing.com.


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