Gold held steady on Tuesday as Russia-Ukraine concerns kept the safe-haven metal supported near the previous session’s over one-week high, while markets await U.S. inflation data that is crucial for the Federal Reserve’s tapering timeline.
Spot gold rose 0.1% to $1,821.61 per ounce by 0434 GMT, having risen to the highest level since Jan. 26 on Monday. U.S. gold futures were steady at $1,822.50.
According to a Reuters poll, the U.S. consumer price index for January is expected at an annual rise of 7.3%, which would be the largest such increase since 1982, and could pile on pressure on the Fed for aggressive tightening.
Panthera Resources Plc (LON:PAT) was incorporated in the UK and Wales in 2017. The company is focused on its gold exploration and development projects in India and West Africa and the optimisation of other mineral projects.