- Gold prices rose in early global trading on Tuesday, as the dollar continued to decline, while investors await US economic data this week that may clarify the timetable for the US Federal Reserve to cut interest rates.
- The precious metal rose in spot transactions by 0.2% to record $2,401.22 per ounce, while US gold futures rose by 0.4% to $2,403.60.
- Traders are awaiting the second-quarter GDP report on Thursday and June personal consumption expenditures data on Friday.
- Among other precious metals, silver fell 0.2% to $29.14 per ounce, platinum recorded $951.13 per ounce, and palladium increased 0.1% to $908.43 per ounce.
