In a positive turn of events, gold prices experienced a rebound on Tuesday. This can be attributed to the retreat of benchmark U.S. Treasury yields, which provided a boost to the market. Investors eagerly awaited the release of economic data, as it holds the potential to offer valuable guidance on future interest rates. Additionally, market participants closely monitored the escalating tensions in the Middle East, as geopolitical events often have a significant impact on the price of gold.
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