Market
Gold edges lower as the U.S. dollar strengthens
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Gold futures move lower on Tuesday, with strength in the dollar pressuring prices for the precious metal but gold remained in a tight trading range as investors look to this week’s U.S. economic data for hints on the Federal Reserve’s plan for interest rates.
Price action
Market drivers
Gold briefly traded above the $2,000-an-ounce threshold early Tuesday, responding to a fall in Treasury yields and a weaker U.S. dollar. But the dollar subsequently found its footing, with the ICE U.S. Dollar Index DXY up 0.4%…
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