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Gold Price Edges Up as Investors Wait for Inflation Data

Gold was up 0.2% at $2,038.20 a troy ounce in early trading, as traders keep a close eye on signals of interest-rate cuts

Metal prices more widely were mixed as market watchers await U.S. CPI data this week for more clarity.

Three-month copper was 0.2% lower at $8,417 a metric ton, while aluminum was down 0.1% at $2,234 a ton after recent LME data showed rising inventories.

“Investors are awaiting the inflation print on Thursday, which we expect will bring more volatility to the base metals complex,” said Daria Efanova, head of research at Sucden Financial.

Source: Barrons