Gold hovers near 3-month peak; focus on Powell's testimony

 


Gold prices steadied near a three-month peak on Tuesday, supported by subdued U.S. manufacturing and construction spending, as investors awaited testimony from Federal Reserve Chair Jerome Powell and key jobs data for policy cues.Spot gold was flat at $2,114.99 per ounce, as of 0740 GMT, hovering around its highest since Dec. 4 of $2119.69 it hit on Monday. U.S. gold futures dipped 0.1% to $2,123.90.

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