Gold prices steady as markets weigh Middle East tensions
Spot gold held at 4,408 dollars per ounce on Tuesday after hitting a four-month low. Investors are weighing Middle East developments and their impact on rates.
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Gold prices remained stable on Tuesday as investors weighed the impact of Middle East tensions on global inflation and interest rate trajectories. This period of consolidation follows a sharp decline to a four-month low in the previous session. Spot prices were recorded at $4,408.77 per ounce, while futures in the United States for April delivery settled at $4,409.30.
