Gold prices rose on Tuesday after plunging more than 1 percent to the prior day, as the dollar dropped ahead of important inflation data from the United States
Investors were now anticipating the release of United States consumer pricing statistics on Wednesday in order to gain additional insight into the trajectory of interest rates ahead of the Fed’s policy meeting in May.
Consumer inflation in China fell to its lowest level since Sept 2021 in March, suggesting that demand weakness persisted despite the country’s sluggish economic recovery.