Gold Rises on Rate Cut Expectations Before Inflation Data

Gold prices increased on Tuesday, buoyed by the growing anticipation of U.S. Federal Reserve rate cuts. Investors are keenly awaiting this week’s inflation data to assess potential cut timings. Spot gold saw a 0.2% rise to $2,176.59 per ounce, with an early session peak of a 1.3% jump. U.S. gold futures slightly rose by 0.04%, closing at $2177.2.