Gold flat ahead of US inflation data

WORLD CAPITALS, 13th February, 2024 (WAM) -- Gold prices were little changed on Tuesday, as investors held back from making big bets ahead of a US inflation report that could give a fresh perspective on the timing of the Federal Reserve's first rate cut.

According to Reuters, spot gold was flat at $2,018.71 per ounce (Oz), as of 0424 GMT, after briefly slipping to a more than two-week low of $2,011.72/Oz on Monday.

US gold futures were almost unchanged at $2,032.30/Oz.

Also, spot platinum was flat at $888.89 per ounce, palladium rose 1.5% to $905.71, and silver edged 0.1% higher to $22.71.