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البلاد
Gold retreats before CPI
Spot gold fell 0.6% to $4,115.12 an ounce as investors took profits after prices rose more than 1% in the previous session. U.S. gold futures for December delivery, meanwhile, gained 0.2% to $4,123.90. Investors are awaiting U.S. inflation data, with the consumer price report due today and producer price data on Friday, in search of clues about the path of monetary policy. Traders see an 84% probability that the Federal Reserve will raise interest rates in December, which could make non-yielding gold less attractive.
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