Muscat: Gold today inched higher, ahead of the release of US inflation data later in the day that could shed more light on the Federal Reserve’s interest rate path. Spot gold was up 0.1% at $3,346.94 per ounce, US gold futures were flat at $3,355.60.

According to Oman News Agency, traders’ focus now shifts to the US consumer price data for June on Tuesday. The data is expected to provide more insights into how the Federal Reserve might adjust its interest rate policies in response to inflation trends.

Elsewhere, spot silver gained 0.3% to $38.24 per ounce, platinum rose 0.3% to $1,368.30, and palladium edged 0.1% higher to $1,194.52.