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Gold prices in tight range on Tuesday

Gold prices in tight range on Tuesday
30 Jan 2024 14:24


Gold prices were in a tight range on Tuesday as traders awaited the US central bank's decision on key policy rates and remarks from Chair Jerome Powell.

Spot gold held its ground at $2,032.15 per ounce by 0419 GMT, Reuters reported.

US gold futures rose 0.3% to $2,031.00, and spot silver fell 0.2% to $23.15 per ounce.

Analysts and traders have downgraded their price forecasts for platinum and palladium in 2024 as demand struggles to rise significantly, but they still expect prices for both to rebound from current levels.

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