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Gold prices fell in early European trading on Tuesday, as investors remained cautious ahead of a series of key central bank meetings this week, with the US Federal Reserve's meeting drawing particular attention. Spot gold declined 0.6%, trading at $2,642.72 per ounce, while US gold futures slipped 0.5% to $2,658.30.
Oil prices have declined slightly due to profit-taking, but geopolitical tensions and a potential Fed rate cut could push prices higher.