Gold rebounds slightly, market awaits guidance from US economic data

Spot gold rose slightly on Tuesday, still trading below $4200 per ounce. IG analysts said that the market expects the Federal Reserve to maintain high interest rates for a longer period of time, weakening investors' interest in high-yield assets. Gold has only rebounded slightly and is still close to its lowest level since early August. Traders expect a 72.5% probability of the Federal Reserve raising interest rates in October, as the market focuses on the US consumer confidence index and job vacancy data. (Source: Jin Shi)