Gold prices edge lower on strong dollar ahead of US inflation data

By Brijesh Patel (Reuters) -Gold prices edged lower on Tuesday, weighed down by an uptick in the dollar, while investors cautiously awaited U.S. economic data due later this week to gauge inflationary pressure and the Federal Reserve's steer on monetary policy. Spot gold was down 0.2% at $1,895.59 per ounce, as of 0315 GMT.

U.S. gold futures were steady at $1,898.60. The dollar index rose 0.1% against its rivals, making gold more expensive for other currency holders. [USD/] "Inflation has been on the rise in recent.....

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