Gold Prices Tick Down as Traders Brace for Key US Inflation Data

Gold prices inched down on Monday as investors awaited key US inflation reports, which could shed more light on the timing of the Federal Reserve’s first rate cut.

Spot gold fell 0.2% at USD 2,354.77 per ounce. Prices hit a two-week high in the previous session.

US gold futures fell 0.6% to USD 2,361.

Spot silver fell 0.4% to USD 28.03 per ounce, platinum inched down 0.1% to USD 992.89 and palladium was unchanged at USD 978.03.

Source: Qatar News Agency