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Gold dips ahead of key U.S. data


By Nithin ThomasPrasad(Reuters) - Gold prices fell on Tuesday on a firmer dollar as investors waited for U.S. consumer price data due later in the day to gauge the outlook for inflation and the Federal Reserve's rate hike stance.Spot gold was down 0.2 percent at $1,319.87 per ounce as of 0711 GMT, while U.S. gold futures for April delivery fell 0.1 percent to $1,320.00 an ounce.The dollar index, which measures the U.S. Dollar against a basket of currencies, was up 0.12 percent at 90.004."Gold traders are adopting a more neutral stance ... While a March hike is fully priced in, traders usually ...

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First Published: Tue, March 13 2018. 16:06 IST