Tunis:Gold prices eased on Tuesday as the US dollar maintained its strength, with markets turning their focus to the upcoming US inflation data for insights on the Federal Reserve's interest-rate direction.
According to Qatar News Agency, spot gold declined by 0.2% to $4,164.45 per ounce by 0201 GMT, following a one-week high reached on Monday. US gold futures for December delivery also saw a decrease, falling 0.1% to $4,187.90.
The US Consumer Price Index (CPI) is set to be released on Wednesday, followed by the Producer Price Index (PPI) report on Thursday, both of which are expected to provide further direction for market trends.
In the broader metals market, spot silver dropped by 0.5% to $60.01, platinum decreased by 0.2% to $1,682.47, and palladium declined by 0.5% to $1,137.69.