Gold steady as focus turns to US inflation data
- Gold prices held steady on Tuesday as the dollar eased, while investors looked forward to key U.S. inflation data that could offer clues on how soon the Federal Reserve can cut interest rates.
The core personal consumption expenditures price index , the Fed's preferred inflation measure, is due on Friday. Bullion is known as an inflation hedge, but higher rates increase the opportunity cost of holding non-yielding gold.
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