Gold prices saw little change on Tuesday, as investors refrained from making big bets ahead of a report on inflation in the United States that might provide a new perspective on the date of the first interest rate cut from the US Federal Reserve.
Gold settled in spot transactions at $2,018.71 per ounce by 0424 GMT, after falling briefly to the lowest level in more than two weeks at $2,011.72 per ounce yesterday, Monday.
US gold futures also saw little change and settled at $2032.30 per ounce.
Trading volume is expected to be weak with markets in China and Hong Kong closed for the Lunar New Year holiday.
All eyes are on inflation data from the US Consumer Price Index for January, scheduled to be released at 1330 GMT.
As for other precious metals, platinum settled in spot transactions at $888.89 per ounce, palladium rose 1.5 percent to $905.71, and silver increased 0.1 percent to $22.71.
2024-02-13 05:42:09
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