Key Points
(Reuters) Gold prices moved up on Tuesday as the U.S. dollar and Treasury yields lacked momentum, while investors await key inflation reading and comments from Federal Reserve officials this week...
U.S. gold futures rose 0.3% to $2,044.10 per ounce...
A slight uptick in inflation data will pressure the gold market but it is well supported at the $2,000 level by central bank buying..
At least 10 Fed officials are due to speak this week, while the core personal consumption expenditures price index, the Feds preferred inflation gauge, is due on Thursday...
Prices are also supported as Chinas middle-class attempts to preserve their dwindling fortunes caused by the property market crisis and a prolonged stock market sell-off, Ole Hansen, Saxo Banks head of commodity strategy, wrote in a note...
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