Today's market and analysis

Gold prices advanced in the mid-North American session on Tuesday, gaining some 0.30% as traders braced for the crucial August inflation report from the United States (US). This, along with the first presidential debate between Vice President Kamala Harris and former President Donald Trump, could influence the financial markets. The XAU/USD trades at $2,514, bouncing off daily lows of $2,500.

The market mood has slightly improved, while the Greenback pared some of its earlier gains, a tailwind for the golden metal. US Treasury bond yields fell ahead of the latest Consumer Price Index (CPI) reading. Figures are expected to justify the Federal Reserve's (Fed) dovish stance toward beginning a rate cutting cycle amid fears that the labor market could weaken. 

Gold opened at around 2515and rose to around 2519 at the highest and around 2514 at the lowest before press time.Pay attention to the resistance of 2530-2540-2550. If it fails to break through, it will test2500-2490-2480