Gold prices on Tuesday hit their highest in nearly three weeks, as a pullback in the dollar made bullion less expensive for holders of other currencies, while investors awaited minutes from the U.S.
Gold was sold down heavily after June FOMC meeting and now that expectations have been priced in, buyers are back to the market,” said Margaret Yang, a strategist at DailyFX.
Focus this week is on minutes from the Fed’s latest meeting due on Wednesday after a hawkish tilt from the U.S.