KONTAN.CO.ID - SINGAPORE. Gold prices settled into a holding pattern on Tuesday as investors awaited U.S. inflation figures that could provide an updated view on interest rates after the Federal Reserve kept the door open for further policy tightening. Spot gold was flat at $1,922.30 per ounce by 0306 GMT, while U.S. gold futures eased 0.1% to $1,946.10. Market activity is likely to be broadly subdued until the U.S. Consumer Price Index (CPI) data is out on Wednesday, which could provide guidance on U.S. interest rates after a widely expected pause by the Fed next week.
Gold Listless as Investors Await US CPI Data for Fed Policy Guidance
KONTAN.CO.ID - SINGAPORE. Gold prices settled into a holding pattern on Tuesday as investors awaited U.S. inflation figures that could provide an updated view on interest rates after the Federal Reserve kept the door open for further policy tightening. Spot gold was flat at $1,922.30 per ounce by 0306 GMT, while U.S. gold futures eased 0.1% to $1,946.10. Market activity is likely to be broadly subdued until the U.S. Consumer Price Index (CPI) data is out on Wednesday, which could provide guidance on U.S. interest rates after a widely expected pause by the Fed next week.