Gold price (XAU/USD) struggles to capitalize on its modest intraday bounce from a one-week low and remains below the $2,900 mark through the Asian session on Tuesday.
The uncertainty surrounding US President Donald Trump's trade policies and their impact on the global economy continues to weigh on investors' sentiment.
This, in turn, assists the safe-haven bullion to attract some intraday dip-buyers near the $2,880 region.
Moreover, the prevalent US Dollar (USD) selling bias, fueled by speculations that a tariff-driven slowdown in US growth might force the Federal Reserve (Fed) to cut interest rates multiple times this year, further underpins the non-yielding Gold price.
That said, the lack of follow-through buying and the overnight breakdown below a short-term trading range support warrants caution for bulls ahead of US inflation figures this week.
Source: FXStreet
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