Gold slips 0.5% to $4,172.36 as dollar firms
Spot gold fell after reaching a one-week high Monday, with higher oil prices also cited as pressure. Investors awaited US inflation data for clues on the Federal Reserve’s rate path.
Gold retreated from a one-week high on Monday as a stronger dollar and rising oil prices weighed on the metal. Investors were waiting for US inflation data for indications about the Federal Reserve’s interest-rate path. m. EDT.