Gold prices showed signs of stabilization on Tuesday, following a decline that brought them to a one-and-a-half-month low in the previous session. Traders are currently assessing the ongoing inflation risks stemming from the conflict in the Middle East, while also considering the recent easing of U.S. Treasury yields. By mid-morning GMT, spot gold was recorded at $4,542.07 per ounce, reflecting a modest decrease of 0.5%. This fluctuation in gold prices occurs amid growing anticipation regarding the Federal Reserve's forthcoming policy decisions.
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