Gold Ticks Up on Slipping Dollar Ahead of US Inflation Data
Gold prices inched up on Tuesday as investors kept a close eye on upcoming US inflation data, which could influence expectations for the Federal Reserve's next policy move. The US dollar slipped slightly, contributing to the increase in gold prices.
Spot gold was trading at $4,407.27 per ounce, a 0.1% gain from previous levels. However, U.S. gold futures for December delivery saw a decline of 0.6% to $4,452.10.