Gold price holds tight range as traders seek direction from US data

Topics Gold Prices | US market | Gold trade

By Brijesh Patel (Reuters) - Gold prices were trapped in a tight range as investors awaited U.S. inflation data on Tuesday that could provide more clarity on the Federal Reserve's timeline for policy tightening. Spot gold was up 0.3% at $1,811.95 per ounce by 1208 GMT. U.

S. gold futures were 0.2% higher at $1,809.80. "If we get a slightly hotter inflation print today that could exert upward pressure on the U.S. 10-year yields, which in turn could exert downward pressure on gold," said CMC Markets UK's chief market.

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