Gold prices rose on Tuesday, supported by growing expectations of a U.S. interest rate cut this month as the focus shifted to upcoming economic data for additional insights into the monetary policy of the world's largest economy.
Spot gold rose 0.1 percent to $2,642.42 an ounce after falling about 1 percent on Monday.
U.S. gold futures rose 0.3 percent to $2,665.30, amid expectations of a rate cut at the U.S. central bank meeting on Dec. 17-18 to nearly 75 percent, as gold rebounds amid lower interest rates.
Source (Al-Arabiya.net Website, Edited)
