New york: Gold prices edged lower on Friday as the US dollar strengthened to its highest level in nearly a month, while investors remained cautious ahead of upcoming US inflation data expected to provide further signals on the Federal Reserve's monetary policy trajectory. Spot gold slipped 0.1% to $4,995.91 per ounce, while US gold futures for April delivery rose 0.3% to $5,013.60 per ounce.
According to Qatar News Agency, other precious metals also experienced declines. Spot silver declined 0.1% to $78.29 per ounce, platinum fell 0.3% to $2,064.27, and palladium dropped 0.5% to $1,677.19 per ounce. Investors are closely monitoring the US inflation data as it could influence the Federal Reserve's future decisions on interest rates and monetary policy.