Gold prices moved in a narrow range on Tuesday, March 26 as investors shifted their focus to US inflation data due later this week, which may shed more light on the timing of the Fed's first rate cut this year.
Spot gold settled at $2,170.59 an ounce, while U.S. gold futures fell 0.2 percent to$2,171.20 an ounce.
Gold prices hit a record high last week after policymakers at the US Federal Reserve indicated that they still expect a three-quarters percentage point rate cut by the end of 2024 despite recent high inflation readings.
Source (CNBC Arabia website, Edited)
