Gold Inches Lower As Market Awaits Rate Hike Cues - Commodity Market Tips>> Ripples Advisory

Gold edged lower early Tuesday on a firmer dollar after touching near four-month lows in the previous session as the market waits for cues from the central bank on the path of U.S. interest rate hikes.

FUNDAMENTALS

* Spot gold fell 0.2 percent to $1,212.01 per ounce at 0043 GMT. It hit a low of $1,204.45 in the previous session, its lowest since March 15.

* U.S. gold futures for August delivery rose 0.3 percent to $1,212.80 per ounce.

* Traders were looking ahead to Wednesday and Thursday, when U.S. Federal Reserve Chair Janet Yellen will address Congress.

* Investors expect euro zone bonds to be pummelled in the coming months as the European Central Bank starts turning off the money taps after years of unprecedented largesse, a Sentix poll showed on Monday.

* The French government will push ahead with tax cuts promised by President Emmanuel Macron, sources said on Monday, rowing back on comments from the prime minister that some could wait.

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