Gold prices flat ahead of key US inflation data
Americans last month braced for generally higher inflation pressures over the next few years and accelerating home price increases, according to a report by the Federal Reserve Bank of New York.
were flat on Tuesday, as investors awaited key U.S. that could provide more clues on the 's policy path.FUNDAMENTALS
* Spot gold was steady at $2,335.93 per ounce, as of 0052 GMT. Bullion prices fell 1% on Monday.* U.S. gold futures fell 0.1% to $2,341.60.
* Markets' focus this week will be on the (PPI) data on Tuesday, followed by the (CPI) data due on Wednesday.
* Americans last month braced for generally higher inflation pressures over the next few years and accelerating , according to a report by the .
* The Fed will likely cut its key interest rate twice this year, starting in September, according to a stronger majority of economists polled by Reuters.
* Lower reduce the opportunity cost of holding non-yielding gold.
* Share of gold in India's foreign reserve witnessed an increase, the country's central bank said. It rose to 8.15% at March-end, from 7.37% at the end of September.
* The global in 2024 will be deeper than previously expected due to lower supply from mines in South Africa and Russia, the said.
* Average prices for platinum, palladium and rhodium are expected to fall this year compared with 2023 despite another year of structural deficit for all the three metals of the group, consultancy said.
* , the world's largest listed miner, said has rejected a revised buyout offer valuing the company at 34 billion pounds ($42.67 billion).
* pushed deep into the ruins of Gaza's northern edge to recapture an area from Hamas fighters.
* Spot silver rose 0.4% to $28.29 per ounce, platinum was up 0.3% to $999.74 and palladium edged 0.3% higher to $964.86.
