Gold prices held steady near a three-week low on Tuesday while the dollar hovered near 2-week highs against its peers amid mounting concerns of a global economic slowdown.
Spot gold inched up 0.22 percent to $1,284.07 per ounce, after hitting its lowest level since Dec. 28 at $1,276.31 on Monday. U.S. gold futures were marginally higher at $1,283.25 per ounce.
Risk appetite remained in "risk-off" territory after the IMF once again cut its global growth forecasts, citing the threat of a trade war, stalled Brexit talks and slowing Chinese growth.
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Market Analysis
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.