Gold slips as dollar firms, investors book profit; US data on tap

Gold prices experienced a dip on Monday, influenced by a stronger dollar and profit-taking after a recent surge. Investors are keenly awaiting U.S. inflation data, crucial for gauging the Federal Reserve’s interest rate strategy. Spot gold decreased by 0.7% to $3,373.37 per ounce.

​Gold prices experienced a dip on Monday, influenced by a stronger dollar and profit-taking after a recent surge. Investors are keenly awaiting U.S. inflation data, crucial for gauging the Federal Reserve’s interest rate strategy. Spot gold decreased by 0.7% to $3,373.37 per ounce.