Gold prices retreat as investors await key US economic data

Gold prices fell on Tuesday as investors await US jobs and inflation data. The market is seeking clues on the Federal Reserve's interest rate path for 2026.

Insights:
Gold prices fell by approximately 1% on Tuesday as investors consolidated positions ahead of upcoming economic data releases from the United States USUS. This movement in the Gold market (spot gold and U.S. gold futures) reflects a cautious stance as traders await the U.S. nonfarm payrolls data and the U.S. Consumer Price Index (CPI) for January.
A shop attendant displays pairs of gold bracelets for Chinese weddings in a jewellery store in Hong Kong, China, February 4, 2026. REUTERS/Tyrone Siu
A shop attendant displays pairs of gold bracelets for Chinese weddings in a jewellery store in Hong Kong, China, February 4, 2026. REUTERS/Tyrone Siu
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