Gold closed lower on Tuesday after yesterday’s losses, with investors adopting a wait-and-see attitude ahead of data to be released on Friday on US inflation.
In particular, the February gold contract earned $ 5.20 or 0.3% at $ 1,784.70 per ounce.
The data is expected to show a new jump in consumer prices in November, intensifying pressure on the US Federal Reserve to take action to curb inflation. Analysts are now waiting for the central bank to end earlier in the bond-buying program it launched in the wake of the coronavirus crisis to support the economy, in order to pave the way for an increase in interest rates in 2022.
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