Gold firms as Fed cut optimism supports, inflation data on tap
Gold prices gained on Tuesday, helped by escalating geopolitical tensions in the Middle East and expectations of a U.S. rate cut this month, with key U.S. inflation data later this week grabbing investors' attention. Spot gold climbed 0.6% to $2,674.39 per ounce, as of 1101 GMT. U.S. gold futures rose 0.4% to $2,697.00.