Gold prices subdued as traders await Fed rate outlook cues
Gold prices edged lower on Monday, as investors awaited U.S. inflation print due this week to strengthen their bets on the size of a likely reduction in Federal Reserve's interest rates.
Spot gold ticked lower by 0.2% to $2,492.54 per ounce, as of 0541 GMT. U.S. gold futures edged 0.1% lower to $2,526.10.
Major data points this week include the August U.S. Consumer Price Index (CPI) due on Wednesday, followed by Producer Price Index (PPI) on Thursday.
Spot silver fell 0.5% to $27.81 per ounce, platinum gained rose 0.9% to $929.65 and palladium was up 0.5% to $914.73.
Reuters
Gold prices edged lower on Monday, as investors awaited U.S. inflation print due this week to strengthen their bets on the size of a likely reduction in Federal Reserve's interest rates.
Spot gold ticked lower by 0.2% to $2,492.54 per ounce, as of 0541 GMT. U.S. gold futures edged 0.1% lower to $2,526.10.
Major data points this week include the August U.S. Consumer Price Index (CPI) due on Wednesday, followed by Producer Price Index (PPI) on Thursday.
Spot silver fell 0.5% to $27.81 per ounce, platinum gained rose 0.9% to $929.65 and palladium was up 0.5% to $914.73.
Reuters
Gold prices edged lower on Monday, as investors awaited U.S. inflation print due this week to strengthen their bets on the size of a likely reduction in Federal Reserve's interest rates.
Spot gold ticked lower by 0.2% to $2,492.54 per ounce, as of 0541 GMT. U.S. gold futures edged 0.1% lower to $2,526.10.
Major data points this week include the August U.S. Consumer Price Index (CPI) due on Wednesday, followed by Producer Price Index (PPI) on Thursday.
Spot silver fell 0.5% to $27.81 per ounce, platinum gained rose 0.9% to $929.65 and palladium was up 0.5% to $914.73.
Reuters
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Gold prices subdued as traders await Fed rate outlook cues
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