Pre. Settlement | N/A |
Settlement date | 2022-10-27 |
Open | 940.00 |
Bid | 937.00 |
Last price | 938.40 |
Day's range | 934.70 - 944.10 |
Volume | |
Ask | 937.40 |
Gold prices inched lower on Tuesday as investors awaited U.S. inflation data due later in the week that could offer more clarity on the Federal Reserve's rate-hike plans to combat rising pricing pressures. Spot gold was down 0.2% at $1,785.89 per ounce, as of 0710 GMT. U.S. gold futures eased 0.2% to $1,801.90.
Gold prices rose on Monday following a pullback in the dollar and U.S. Treasury yields, while investor focus shifted to U.S. inflation data for clues on the Federal Reserve's rate hike plan. Spot gold rose 0.8% to $1,787.39 per ounce by 2:25 p.m. ET (1825 GMT). U.S. gold futures also settled up 0.8% at %1,805.2.