Gold gains on softer dollar, US inflation data on radar

London, Jan. 10 (BNA): Gold prices edged up on Wednesday, supported by a slightly weaker U.S. dollar ahead of a critical inflation report that could offer some clues on whether the Federal Reserve will begin cutting interest rates this year.

 

Spot gold edged up 0.3% to $2,035.23 per ounce, as of 0929 GMT. U.S. gold futures rose 0.4% to $2,041.40 per ounce, Reuters reported.

 

The dollar index ticked down about 0.2% against a basket of currencies, making bullion more attractive for foreign currency holders. .DXY

 

 


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