Gold rises after recent losses, but hawkish Fed comments limit gains
Gold prices rose on Tuesday, but remained pinned near two-week lows as hawkish signals from some Federal Reserve members supported the dollar, while platinum prices surged on expectations of a potential supply deficit next year.
Metal markets fell in tandem with other asset classes on Monday as investors fretted over a potential global recession stemming from higher interest rates, while fears of more COVID-linked restrictions also dented sentiment. But this opened up metals to some bargain buying.
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