If you want to wait for gold prices to fall to invest, you first need to be sure that's something that will happen. While there's a chance they will, it's just not guaranteed — especially with the many economic and geopolitical factors (plus a presidential election) currently at work. That means waiting could come with quite the opportunity cost.

Gold was flat on Tuesday as investors await fresh insights on the Federal Reserve's stance on U.S. interest rate reductions for further direction on bullion prices. Spot gold held its ground at $2,646.

Gold prices remained steady as traders anticipated new signals from the Federal Reserve regarding U.S. interest rate cuts. Fed Governor Christopher Waller called for caution on rate reductions, while President Neel Kashkari indicated potential further cuts.

Gold prices held steady on Tuesday, off one-week highs hit in the last session as the U.S. dollar remained near two-month highs, with markets caught between profit-taking and prospects of further rate cuts by the Federal Reserve.

Gold prices decreased as the U.S. dollar strengthened, with markets awaiting Federal Reserve cues on monetary policy. Investors speculate a rate cut in November. U.S. inflation data favored lower rates,