SINGAPORE: Gold rebounded on Tuesday from a one-month low hit in the prior session, helped by short covering and a rise in bullion-backed exchange traded fund holdings, but expectations of higher US interest rates and a lack of physical buying capped gains.
Some gold investors have turned bearish after comments last week from US Federal Reserve Chief Janet Yellen that suggested interest rates could rise sooner than many had expected, hurting bullion's appeal as a hedge against inflation.
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