Gold prices face uncertainty as U.S. inflation data and Fed meeting loom

Gold prices are attempting to hold support at $2,010 an ounce as U.S. inflation remains steady, with the Consumer Price Index rising 0.1% in November and 3.1% over the past year. Core inflation, which excludes volatile food and energy prices, rose 0.3% in November and 4.0% over the year. The gold market is not reacting significantly to the inflation data, as it continues to face selling pressure after reaching an all-time high last week. Analysts warn that a failure to hold support at $2,010 could lead to further selling and profit-taking. The Federal Reserve's monetary policy meeting is expected to maintain interest rates, but updated economic projections will be closely watched.