Gold prices generally lost ground in Asia on Tuesday, giving up some gains from Monday, with Tokyo gold standing out as the sole gainer.
Gold futures for August delivery edged down 0.13% to $1,211.60%, giving up some gains from the day before. In Tokyo, the June 2018 contract gained 0.23% to JPY4,442 ($38.91) a gram.
In the week ahead, investors will focus on Fed Chair Janet Yellen’s testimony on monetary policy as well as U.S. data on inflation and retail sales, due out on Friday, and trade data from China on Thursday. A hawkish outlook from the Fed could send gold further down to test multi-month lows.