Gold prices bounced back on Tuesday on a weaker dollar and expectations that the US Federal Reserve will likely end its monetary tightening cycle after a widely expected rate hike this week.
Spot gold gained a modest 0.3% to $1,961.76 per ounce by 1 p.m. EDT, recovering from a similar percentage drop last session. US gold futures stayed roughly the same at $1,963.70 per ounce.
Meanwhile, the US dollar eased 0.1% against its rivals, making gold less expensive for other currency holders.
London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.