Gold futures settled notably lower on Tuesday after hawkish comments from Federal Reserve officials. Traders also awaited the outcome of debt ceiling negotiations in Washington.
The dollar's recovery from early weakness also weighed on gold prices. The dollar index, which dropped to 102.20 in the Asian session, climbed to 102.69 a little before noon, gaining nearly 0.25%.
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Market Analysis
April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.