Gold Prices Hold Steady Ahead of U.S. Inflation Data


Gold bars are seen at the Austrian Gold and Silver Separating Plant ‘Oegussa’ in Vienna, Austria, March 18, 2016. REUTERS/Leonhard Foeger/File Photo


Gold prices were little changed in early deals on Wednesday, as investors looked ahead to U.S. inflation data to gauge how it will impact the Federal Reserve’s view on monetary policy in the months ahead.

The Commerce Department will publish October inflation figures at 8:30AM ET (1330GMT). Market analysts expect consumer prices to inch up 0.1%, while core inflation is forecast to rise 0.2%.