Gold prices poised for potential breakout amid US inflation concerns.
TL;DR Summary
Gold prices edged higher on Monday as the dollar eased, while investors awaited a key U.S. inflation data due this week that could influence the Federal Reserve's monetary policy stance. Spot gold was up 0.2% at $2,020.80 per ounce, as of 0634 GMT. U.S. gold futures also climbed 0.2% at $2,029.30. Platinum rose 0.5% at $1,064.03 and palladium gained 1.5% to $1,513.11.
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