Gold Retreats as Markets Await US Inflation Data
Gold prices eased from a one-week high as investors turned cautious ahead of upcoming US inflation reports. Spot gold dropped 0.2 percent while markets assessed Federal Reserve rate path expectations.
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Gold fell 0.2% to $4,185.13 per ounce on Monday morning, retreating from a one-week high as investors braced for upcoming inflation readings. The precious metal eased after touching its highest level since October 2 earlier in the session. Traders are weighing shifting interest rate expectations ahead of key economic data releases.
