Gold prices stabilized near their July peak as both the dollar and Treasury yields eased following the latest US producer price index (PPI) data. Traders now look forward to U.S. July consumer price index (CPI) data due on Wednesday and the retail sales data on Thursday for further direction on the U.S.
Gold is presented getting support from the safe-haven inflows as traders awaited U.S. inflation data this week that could shed more light on the Federal Reserve's interest rate cut path.
Gold prices edged higher today as investors looked forward to a key inflation report that could shed more light on the U.S. central bank's next policy move.
Markets experienced a breather after the recent decline, gaining over a percent, driven by strong global cues.
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