Bullion retreats on positive US inflation data

12.01.2022

Gold prices eased on Monday as traders awaited December U.S. inflation data that could stress the need for earlier-than-anticipated interest rate hikes by the Federal Reserve.

Spot gold was down 0.2% at $1,792.22 per ounce, as of 0455 GMT, after hitting its lowest level since Dec. 16 of $1,782.10 on Friday....