Bengaluru — Gold prices were little changed on Tuesday, hovering above a two-week low hit on Friday, amid the expectation of a US interest rate hike in March and ahead of key economic data due later in the week. The US monthly jobs report due on Friday includes the nonfarm payrolls, seen rising by 190,000 in a Reuters poll. Prices on most US interest rates futures rose modestly on Monday as traders bet on a strong likelihood the Federal Reserve will raise rates at its upcoming policy meeting next week. "We expect the precious metal to have a bumpy ride the rest of the week as we await further economic indicators from the US such as the key February jobs numbers on Friday and the Fed meeting next week," said Mihir Kapadia, CEO and Founder of Sun Global Investments. Spot gold was mostly unchanged at $1,225.99/oz at 3.22am GMT. US gold futures edged up 0.1% to $1,226.1. The metal hit $1,222.51, the lowest since February 15, on Friday after US Federal Reserve chair Janet Yellen said tha...
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