Ammon News - Gold prices eased on Tuesday as traders locked in profits after a recent rally, while market players awaited key U.S. inflation data that could provide further insight into the Federal Reserve's next policy decision.

Spot gold was down 0.4% at $2,463.59 per ounce, as of 0720 GMT, after hitting its highest level since Aug. 2 earlier in the session. Prices rose more than 1% in the previous session.

U.S. gold futures were subdued at $2,503.40.

Among other metals, spot silver fell 0.8% to $27.78 per ounce, platinum edged 0.1% higher to $937.31 and palladium shed 0.2% to $917.76.

Reuters