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18 April 2024

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Gold subdued as investors focus on US inflation data

12-08-2024 09:52 AM


Ammon News - Gold prices struggled for momentum on Monday as investors looked forward to a key inflation report that could shed more light on the U.S. central bank's next policy move.

Spot gold eased 0.13% to $2,427.86 per ounce by 0352 GMT, trading in a narrow $10 price range. U.S. gold futures slipped 0.3% to $2,466.40.

The U.S. consumer price index (CPI) data, due on Wednesday, is expected to show that headline and core prices rose 0.2% month-on-month.

Among other metals, spot silver fell 0.3% to $27.36 per ounce, platinum shed 0.47% to $917.83 and palladium fell 0.2% to $903.48.

Reuters




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