Gold drifts lower as traders await US inflation data

Singapore, June 25 (BNA):  Gold prices eased on Tuesday, while investors looked toward key U.S. inflation data due later this week that could throw some light on the Federal Reserve’s stance on interest rate cuts.

Spot gold was down 0.4% at $2,324.69 per ounce, as of 0632 GMT. U.S. gold futures fell 0.3% to $2,336.80, Reuters reported.

Elsewhere, spot silver fell 0.5% to $29.50 per ounce, while platinum rose 0.6% to $1,000.28.

Palladium was trading flat at $979.30.


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