KONTAN.CO.ID - NEW YORK. Gold prices eased on Tuesday, as rising expectations of fewer U.S. rate cuts this year overshadowed safe-haven demand amid ongoing tensions in the Middle East. Spot gold fell 0.2% to $2,376.90 per ounce by 09:26 ET (1326 GMT). The yellow metal touched an all-time high of $2,431.29 on Friday in anticipation of Iran's retaliatory attack against Israel. Data on Monday showed U.S. retail sales increased more than expected in March. The 10-year Treasury yields were up for the second consecutive day, making non-yielding bullion less attractive.
Gold Eases as Rate Cut Concerns Counter Geopolitical Risks
KONTAN.CO.ID - NEW YORK. Gold prices eased on Tuesday, as rising expectations of fewer U.S. rate cuts this year overshadowed safe-haven demand amid ongoing tensions in the Middle East. Spot gold fell 0.2% to $2,376.90 per ounce by 09:26 ET (1326 GMT). The yellow metal touched an all-time high of $2,431.29 on Friday in anticipation of Iran's retaliatory attack against Israel. Data on Monday showed U.S. retail sales increased more than expected in March. The 10-year Treasury yields were up for the second consecutive day, making non-yielding bullion less attractive.