Intraday Tips, Gold steady amid Fed rate hike expectations

Gold prices were little changed on Tuesday, hovering above a two-week low hit on Friday, amid expectations of a U.S. interest rate hike this month and ahead of key economic data due later in the week. The U.S. monthly jobs report due on Friday includes the non-farm payrolls, seen rising by 190,000 in a Reuters poll. Prices on most U.S. 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 U.S. 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.

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