Spot gold fluctuates ahead of key US economic data

Gold prices fluctuated on Tuesday as investors adopted a cautious approach ahead of crucial US economic data due later this week. This data is expected to provide insights into the Federal Reserve’s future interest rate decisions.

Spot gold prices rose at 6:44 GMT by 0.33 per cent to $2,647.65 per ounce, compared to the previous closing price of $2,638.81.

Meanwhile, US gold futures increased 0.44 per cent to $2,670.24, compared to Monday’s closing of $2,658.5.

Attribution: Amwal Al Ghad English, Reuters

Subediting: M. S. Salama