Gold Prices Slip From One Week Highs
Gold prices eased from a one week high on Monday as a firmer US dollar and rising oil prices weighed on the market. Investors now await crucial inflation reports and remarks from Federal Reserve officials to gauge the future path of interest rates.
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Gold fell 0.5% to $4,172.36 per ounce during Monday morning trade, pressured by a stronger dollar and rising oil prices. The precious metal eased from a one-week high reached earlier in the session. Investors are closely monitoring upcoming United States inflation data to gauge the Federal Reserve's future interest-rate trajectory.
