On the other hand, the US dollar (DXY) strengthened after the Federal Reserve’s rate cut. This signals that the central bank remains cautiously optimistic about economic growth. However, Treasury yields saw little movement as the Fed acknowledged a cooling labour market and persistently elevated inflation.

Gold prices dipped 1% to their lowest levels in nearly two months on Tuesday as the U.S. dollar soared ahead of economic data and comments from Federal Reserve officials that could shed light on the interest-rate path under the Trump administration.

Gold prices hovered near a one-month low as investors awaited U.S. economic data and Federal Reserve commentary for clues on future interest rate movements. The dollar's strength and the prospect of higher U.

Technical analysis indicates gold’s vulnerability to further downside, with key levels identified. Click to read.

Gold fell on Tuesday to its lowest in nearly two months, weighed down by a stronger dollar, while investors awaited a set of key U.S. economic data and comments from Federal Reserve officials for further clarity on the interest rate trajectory.