Gold Declines as Investors Take Profits

Gold fell in early Asian trading on Tuesday after hitting a six-week high in the previous session, as investors took profits while also awaiting remarks from the U.S. Federal Reserve chair and key economic data that could indicate a potential interest rate cut.اضافة اعلان

Spot gold dropped 0.2% to $4,222.93 per ounce by 00:24 GMT, after reaching its highest level since October 21 on Monday.

U.S. gold futures for December delivery fell 0.4% to $4,256.30 per ounce.

Reuters