Gold prices were steady on Tuesday as inflationary pressures kept the safe-haven metal supported near previous session’s one-week high, while market participants awaited U.S. inflation data that is crucial for the Federal Reserve’s tapering timeline.
Spot gold was steady at $1,821.26 per ounce, as of 0052 GMT, hovering close to Monday’s high of 1,823.21. U.S. gold futures were flat at $1,821.30.
The dollar was unchanged, while benchmark 10-year U.S. Treasuries were steady near their highest levels since December 2019 scaled in the previous session.
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