Markets

Market Nav

News Details

11/07/2023 14:05

Gold struggles for momentum , traders await US inflation data

On Tuesday, gold saw a slight increase as the dollar weakened, although it faced challenges in gaining significant momentum.

Investors remained cautious about making substantial investments prior to the release of U.S. inflation data, which could impact the Federal Reserve's approach to monetary policy.

At 0717 GMT, spot gold recorded a 0.3% rise, reaching $1,931.62 per ounce, while U.S. gold futures also experienced a 0.3% increase, reaching $1,937.10.