Gold price recovers the recent losses, trading higher near $1,980 during the Asian session on Tuesday. The price of the precious metal receives upward
Gold prices recover recent losses as the US Dollar corrects. Diplomatic efforts to ease tensions in the Middle-East could challenge the safe-haven Gold. Greenback faces challenges due to the pullback in the US Treasury yields. support due to the correction in the US Dollar , which could be attributed to the downbeat US Treasury yields.
85% by the press time. Atlanta Federal Reserve President Raphael Bostic expressed skepticism about a US central bank rate cut before the middle of next year. Fed Philadelphia President Patrick Harker echoed a preference for maintaining current interest rates, while Fed Cleveland President Loretta Mester suggested that the US central bank is either at or very close to the peak of the rate hike cycle.
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