KONTAN.CO.ID - NEW YORK. Gold prices inched higher on Tuesday as investors awaited a slew of U.S. economic data this week for more cues to the Federal Reserve's interest rate cut timeline. Spot gold was up 0.2% to $2,024.49 per ounce by 11:28 a.m. ET (1628 GMT). U.S. gold futures also gained 0.2% to $2,025.70. "The gold market is just above the $2,000 mark and it seems to be a neutral market. Every time we start to break higher, we come back down," said Daniel Pavilonis, senior market strategist at RJO Futures.
Gold Edges Up as Traders Eye Cues on US Rate Cuts
KONTAN.CO.ID - NEW YORK. Gold prices inched higher on Tuesday as investors awaited a slew of U.S. economic data this week for more cues to the Federal Reserve's interest rate cut timeline. Spot gold was up 0.2% to $2,024.49 per ounce by 11:28 a.m. ET (1628 GMT). U.S. gold futures also gained 0.2% to $2,025.70. "The gold market is just above the $2,000 mark and it seems to be a neutral market. Every time we start to break higher, we come back down," said Daniel Pavilonis, senior market strategist at RJO Futures.