Gold bars of different sizes lie in a safe on a table at the precious metals dealer Pro Aurum.
Gold prices fell to a near two-week low on Tuesday as the dollar firmed and safe-haven demand slowed, while investors awaited comments from Federal Reserve officials, including Chair Jerome Powell, for more clarity on the interest rate outlook.
Spot gold fell 0.5% to $1,968.30 per ounce by 0717 GMT, its lowest since Oct. 25.
The dollar rose 0.3% after hitting a six-week low in the previous session, making gold more expensive for other currency holders.
SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings rose 0.50% to 867.57 tonnes on Monday.
Persons:
Jerome Powell, it's, Kyle Rodda, Benjamin Netanyahu, Israel, Neel Kashkari, Powell, Rodda
Organizations:
Aurum, Federal Reserve, Capital.com, Fed Bank of Minneapolis, Investors, Trust
Locations:
Gaza