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Gold prices were flat on Tuesday, as cautious investors awaited US inflation data to anticipate how much the Federal Reserve will raise interest rates.
And gold prices in spot transactions recorded little change to 1724.19 dollars an ounce by 0729 GMT. Prices reached a two-week high of $1,734.99 on Monday amid the dollar’s decline.
US gold futures fell 0.3 percent to $1,734.90.
US consumer price data, due at 1230 GMT, is expected to show headline inflation rose 8.1 percent on an annual basis in August, compared to 8.5 percent in July.
Although gold is considered a hedge against inflation, rising US interest rates reduce the attractiveness of non-yielding bullion.
Among other precious metals, spot silver fell 0.5% to $19.69 an ounce, after recording on Monday the biggest daily percentage rise since February 2021.
Platinum fell by 0.2 percent to $ 905.15 and palladium by 2.7 percent to $ 2203.77, after falling earlier by 4.7 percent.
