Gold rose on Monday as the dollar eased, with bullion regaining ground after a sharp retreat in the previous session ahead of inflation data that could shed light on the outlook for U.S. interest rates, reports Reuters.
Spot gold rose 0.4 per cent to $2,024.95 per ounce by 10:12 am EDT (1412 GMT). US gold futures were up 0.4 per cent to $2,032.40.
The dollar index dipped for a second straight session, making bullion more attractive to overseas buyers.
Along with the US consumer price index (CPI) due on Wednesday, traders are also keeping a tab on developments surrounding the debt ceiling.
Spot silver fell 0.1 per cent to $25.61 per ounce.
Gold claws back on softer dollar
FE Team | Published: May 08, 2023 23:20:47
Gold claws back on softer dollar
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