Gold prices slip amid Fed rate cut uncertainty

Gold prices decreased on Tuesday as investors await fresh insights on the Federal Reserve’s stance on US interest rate reductions for further direction on bullion prices.

Spot gold prices dropped at 6:04 GMT by 0.21 per cent to $2,643.02 per ounce, compared to Monday’s closing price of $2,648.61. While, US gold futures fell 0.24 per cent to $2,659.20, compared to Monday’s closing of $2,665.6.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama