New york: Gold slipped on Monday as investors took profits after prices hit a seven-week high in the previous session, while markets looked to US inflation data for fresh clues on the Federal Reserve's interest rate path. Spot gold was down 0.5 percent at $4,322.28 per ounce, as of 02:00 GMT.
According to Emirates News Agency, US gold futures fell 0.4 percent to $4,381.60 on Monday. Alongside gold, other precious metals experienced declines as well. Spot silver fell 0.2 percent to $63.45 per ounce, while platinum lost 0.1 percent to $1,742.50, and palladium slipped 1.1 percent to $1,362.97.
The fluctuations come as market participants eagerly await new data that may provide insights into the Federal Reserve's future interest rate decisions, which could influence the trajectory of precious metal prices.