Gold is approaching the highest level in two months

Gold prices moved closer to two-month highs on Tuesday, supported by lower dollar and U.S. Treasury yields as investors waited for U.S. inflation data in an attempt to speculate on the next move. of the Federal Reserve on interest rates.

The price of gold saw no small changes in transactions and recorded $ 1,824.21 an ounce, about three dollars in less than its highest level in two months, recorded at the start of the session.

And US gold futures fell 0.1% to $ 1825.30, according to Reuters.

Market attention is now focused on US inflation data via the consumer price index forecast for Wednesday, which could provide an indication of the Federal Reserve’s stance on interest rates.

This comes in the wake of a number of US central bank officials who have expressed concern over the continued rise in prices.

Gold benefited from a drop in interest rates close to zero at the time of the Corona virus pandemic.

As for other precious metals, silver fell 0.3% in spot transactions to $ 24.37 an ounce. Platinum was down 0.4% to $ 1052.08, while Palladium was up 0.2% to $ 2074.30.

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