Bullion advances pending fresh US monetary updates

15.05.2024

Gold prices firmed on Tuesday as investors awaited the crucial inflation report this week, which can significantly influence the outlook on U.S. interest rates.

Spot gold was up 0.4% at $2,345.39 2 per ounce by 1209 GMT, after dropping 1% on Monday. U.S. gold futures rose 0.4% to $2,351.20.

"Gold's relatively flat...