Gold Falls Ahead of US Inflation Data

Muscat: Gold prices eased today, on track to snap a three-session winning streak, with focus shifting to US inflation data due later today for signals on the Federal Reserve's outlook on interest rates. Spot gold fell 0.6 percent to USD 4,626.79 per ounce, after prices climbed to their highest since mid-May on Tuesday.

According to Oman News Agency, US gold futures dropped 0.2 percent to USD 4,683.60. Among other metals, spot silver gained 0.2 percent to USD 68.75 per ounce, platinum rose 0.3 percent to USD 1,863.58, and palladium climbed 0.7 percent to USD 1,335.54.