Gold holds tight range on Tuesday

WORLD CAPITALS / WAM

Gold prices were stuck in a tight range on Tuesday as investor focus turned to US inflation data due later this week, which could shed more light on the timing of the Federal Reserve’s first interest rate cut this year, Reuters reported. Spot gold was little changed at $2,172.58 per ounce, as of 0549 GMT. Also, the US gold futures edged 0.1% lower to $2,173.30 per ounce. Spot silver eased 0.2% to $24.63 per ounce, platinum fell 0.3% to $899.87 and palladium edged 0.1% lower to $1,003.68.

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