Investors await key US inflation data
Gold prices bounced back and managed to stay buoyant on Monday as Asian stocks advanced while investors awaited key US inflation data due later this week that could influence the Federal Reserve’s (Fed) monetary policy stance.
After trading at its all-time high of US$2,078 per ounce last week, the precious metal retreated later in the week after the US non-farm payrolls surprised to the upside. But prices edged higher on Monday after the dollar eased with…
