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Gold inches lower ahead of key U.S. data

Reuters 

By Nithin ThomasPrasad(Reuters) - Gold prices crept lower 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 dipped 0.1 percent to $1,321.34 per ounce at 0359 GMT. U.S. gold futures for April delivery rose 0.1 percent to $1,321.60 per ounce.The dollar index, which measures the U.S. Dollar against a basket of currencies, was up 0.1 percent at 89.977."Gold traders are adopting a more neutral stance ... While a March hike is fully priced in, traders ...

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First Published: Tue, March 13 2018. 10:23 IST
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