Gold Edges Higher on Softer Dollar; US Inflation Data in Focus

Gold prices rose on Tuesday after falling more than 1% in the previous session, as the dollar eased while investors awaited this weeks US inflation data that could influence the Federal Reserves monetary policy trajectory.

Spot gold was up 0.2% at $1,994.48 per ounce. US gold futures rose 0.1% to $1,994.60.

Spot silver inched up 0.1% to $24.91 per ounce, platinum firmed 0.3% to $994.64 and palladium gained 1.3% to $1,429.54.

Source: Qatar News Agency