Learn about the influence of upcoming U.S. data on the direction of gold prices. Stay ahead of market trends with our expert analysis.

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.