Gold falls 2% as dollar rises
Gold futures tumbled more than 2% on Tuesday to trade below $4,200 per troy ounce.
The US dollar index rose ahead of a crucial Consumer Price Index report.
The monthly CPI print may give investors clues about whether the Federal Reserve will keep rates steady this year or hike them to combat rising inflation.
Gold has fallen sharply since the Middle East conflict started, dropping by roughly $1,000, or about 21%, with some outlooks questioning if it will hit $6,000 in 2026.