Gold prices steady as markets await US inflation data
Gold holds steady in spot trading as investors await key US inflation data this week for clues on Federal Reserve rate policy.
Key Takeaways
AIGold prices held steady on Monday as investors awaited the release of US inflation data later this week, seeking fresh signals on the Federal Reserve's interest rate trajectory.
Spot gold was priced at $4,424.40 per ounce, while US gold futures for December delivery edged down 0.1% to $4,471.60 per ounce.
Stability in other precious metals
In other precious metals markets, spot silver was unchanged at $66.21 per ounce.
Platinum slipped 0.7% to $1,807.38 per ounce, while palladium fell 0.4% to $1,393 per ounce.
Markets are closely monitoring the upcoming US inflation data for insights into the Federal Reserve's future monetary policy decisions.