the price of gold regained some lost ground on Tuesday, returning to above $4,000 per ounce, as expectations of further interest rate cuts by the Federal Reserve outweighed the pressure from signs of a thaw in international trade tensions. During the early session, spot gold rose to near $4,019 per ounce, after falling more than 3% on Monday to its lowest level since October 10. Tim Waterer, chief market analyst at KCM Trade, said, "Buyers waiting on the sidelines for gold are now tempted to build positions at these price levels. In addition, we also see the U.S. dollar weakening, providing a breathing space for the gold price."
