Gold prices maintain a "modest" upward momentum as investors wait for the Fed's policy meeting to find new motivation
Gold prices increased slightly during the Asian session on Tuesday, stabilizing below the $2,400/oz mark. The underwhelming stock market, along with geopolitical risks stemming from conflicts in the Middle East, are the main factors supporting this safe-haven asset. Besides, the growing consensus that the Federal Reserve (Fed) will begin an interest rate cutting cycle in September is weighing on the USD and continuing to support gold prices.