Gold prices increased with the decline of the dollar today, after declining more than 1 percent in the previous session, while investors await this week US inflation data that may affect the course of monetary policy of the Federal Reserve (US Central Bank).
Spot gold rose 0.2 percent to $1,994.48 an ounce by 0036 GMT. US gold futures rose 0.1 percent to $1,994.60.
The dollar index fell 0.1 percent, making the yellow metal cheaper for buyers of other currencies.
Investors are awaiting US consumer price data, which is scheduled to be released tomorrow, Wednesday, in search of more clarity on the direction of interest rates during the US Central Bank’s monetary policy meeting in May.
