Gold rebounded on Tuesday as heightened geopolitical uncertainty stemming from Israel-Iran fighting and U.S. President Donald Trump's call to evacuate Tehran led investors to seek safe-haven assets. Spot gold rose 0.

Markets continue to price two 25 basis points (bps) rate cuts by year-end, and therefore, the Fed’s updated economic projections, the so-called Dot Plot chart, will be closely scrutinized alongside Chairman Jerome Powell’s comment to gauge the scope and the timing of the next rate cut.

Israel's attack on Iran lifted the dollar ahead of the weekend, but it barely rose above the previous session's high.