Gold trades in tight range ahead of US inflation print

Gold trades in tight range ahead of US inflation print
# 10 May 2023 09:23 (UTC +04:00)

Gold prices eased into a tight range on Wednesday as traders braced for key U.S inflation data due later in the day, which could impact the Federal Reserve's policy stance, APA-Economics reports citing Reuters.

Spot gold was down 0.1% at $2,031.43 per ounce, as of 0402 GMT. U.S. gold futures were down 0.2% at $2,038.20.

The U.S. consumer price index (CPI) data is due at 1230 GMT.

Spot silver fell 0.2% to $25.58 per ounce, platinum edged 0.1% higher to $1,106.11, while palladium slipped 0.2% to $1,566.85.

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