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Gold slips ahead of US CPI
Gold prices fell on Tuesday as investors took profits after a gain of more than 1% in the previous session, while markets awaited U.S. inflation data. Spot gold dropped 0.52% to $4,119.90 an ounce, while December futures rose 0.3% to $4,128.35. Investors are watching consumer and producer price data for clues about the path of monetary policy. Traders’ estimates point to an 84% chance that the Federal Reserve will raise interest rates in December, a move that could reduce the appeal of non-yielding gold.
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