Gold is declining globally, awaiting the US Federal Reserve’s decision and inflation data

  • Gold prices fell in early Asian trading on Tuesday, as investors awaited key U.S. inflation data and the outcome of a Federal Reserve meeting for details on the central bank's plans on interest rates.

 

  • Spot gold fell 0.3% to $2,302.89 an ounce, while US futures also fell 0.3% to $2,320.20 an ounce.

 

  • Investors are awaiting the May CPI report due on Wednesday as well as the results of the Federal Reserve meeting.

 

  • Among other precious metals, spot silver fell 1.9% to $29.22 an ounce, platinum fell 0.6% to $962.20 an ounce, and palladium fell 1.1% to $893.60 an ounce.

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