Gold slips as investors await US inflation data, oil prices climb
Gold prices edged lower on Monday as oil rose and investors awaited key US inflation data for clues on the Federal Reserve's interest rate outlook.
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Gold prices edged down slightly on Monday as oil prices climbed, while investors awaited key US inflation data due this week for signals on the Federal Reserve's interest rate path.
Spot gold slipped 0.1% to $4,399.99 per ounce after reaching $4,442.70 earlier in the session.
US gold futures for December delivery fell 0.7% to $4,444.50.
Among other precious metals, spot silver dipped 0.1% to $66.08 per ounce, platinum rose 0.6% to $1,836.72, while palladium slipped 0.4% to $1,387.43.
