Gold hovered near 10-month lows on Tuesday as the market braced for an increase in U.S. interest rates this month, and anticipated more monetary tightening next year on indications that inflation could rise due to more spending under U.S. President-elect Donald Trump's policies. Rising U.S. dollar and U.S. Treasury yields weighed on gold. On chart, gold formed a small cross star on Monday after the downward momentum unleashed. The impasse is expected to continue lack of bets from both market bulls and bears.
Silver was also little changed on Tuesday. In coming sessions, it will keep tracking gold, awaiting more clues on market news or data. 

Dealing Room, ICBC Beijing Branch
Yang Hui

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