Gold Holds Steady Near Peak Ahead of Inflation Data
Gold prices held steady near a three month peak as investors awaited key US inflation data and a speech by Federal Reserve Chair Kevin Warsh. Market participants watched for guidance on bond yields and monetary policy amidst ongoing currency debasement concerns.
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Gold steadied at $4,645.67 per ounce on Tuesday morning after hitting a three-month peak. The metal advanced as investors braced for key United States inflation data and upcoming central bank commentary. U.S. gold futures rose 0.1% to $4,702.00.
