Bullion steady despite interest rate boosts


Gold prices were hemmed in a tight range on Tuesday as prospects of higher interest rates challenged bullion's safe-haven appeal while recession risks boosted it.

Spot gold rose 0.1% to $1,824.10 per ounce by 1425 GMT. U.S. gold futures were little changed at $1,824.10.

"Gold is stuck in a range and is...