Forex
US Inflation Data Release Keeps Gold Price Steady
New York's financial markets are waiting anxiously for the release of US inflation data this week. The information will likely have a significant impact on the Federal Reserve's interest rate trajectory, causing gold prices to hold steady.
Spot gold remained unchanged at $4,424.40 per ounce, while December delivery futures edged down 0.1 percent to $4,471.60 per ounce.
Others precious metals followed a similar trend: spot silver held firm at $66.21 per ounce, platinum slipped 0.7 percent to $1,807.38 per ounce, and palladium eased 0.4 percent to $1,393.00 per ounce.