Today, gold prices traded slightly lower on Tuesday as the US dollar gained only modestly amid a sour market mood. XAU/USD oscillated around the $2,420 mark after touching a daily low of $2,406.10. Asian and European indices dipped as investors took profits ahead of earnings reports, while lacking fresh catalysts. The macroeconomic calendar was quiet on Tuesday, with a series of speeches from Federal Reserve officials failing to make a significant impact.
Looking ahead, the Federal Open Market Committee (FOMC) is set to release the minutes of its latest meeting on Wednesday. Market participants are hopeful that this event will provide a boost for gold.
Looking ahead, the Federal Open Market Committee (FOMC) is set to release the minutes of its latest meeting on Wednesday. Market participants are hopeful that this event will provide a boost for gold.
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