Gold prices remained steady as investors awaited key U.S. inflation data, which could provide insights into potential interest rate cuts by the Federal Reserve. Spot gold edged up 0.1% to $2,517.80 per ounce.

Gold rates moved up in the domestic futures market Monday morning as investors awaited US inflation numbers, due on Wednesday, to get further cues on the magnitude of the Fed rate cut this month.

Gold prices eased on Tuesday, pressured by a firmer dollar, while traders braced for key U.S. inflation figures that could offer hints about the size of the Federal Reserve's interest rate reduction next week.

Inflation continues to tiptoe its way back into the Chinese economy, but for that, the Chinese government can thank another surge in food prices, especially the volatile price of pork.

BEIJING: China's consumer inflation accelerated in August to the fastest pace in half a year but the uptick was due more to higher food costs from weather disruptions than a recovery in domestic demand as producer price deflation worsened.

Chinese consumer inflation ticked up slightly in August to a six-month high, official data showed Monday, but the reading missed expectations and did little to soothe worries about sluggish spending