Gold Prices Gain in Asia As Inflation Views Debated, US Holiday Ahead
Gold prices gained in Asia on Monday with a holiday ahead in the US keeping trade light and the market awaiting more signals on inflation this year as debate grows over the extent of potential price gains globally.
Gold futures for February delivery settled rose 0.46% to $1,341.30 on the Comex division of the New York Mercantile Exchange.
Financial markets in the U.S. are to remain closed for the Martin Luther King Day holiday. Later this week, China is slated to release what will be closely watched fourth-quarter growth data, while in Europe investors will await monthly inflation data to assess how fast the ECB could start unwinding its asset purchase program.
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