BENGALURU: Gold prices were flat in early Asian trading on Monday, as market participants braced for key US inflation data this week that could offer fresh clues on the Federal Reserve's next interest rate move.
Spot gold steadied at US$4,200.23 per ounce by 0010 GMT after hitting a one-week high on Friday. US gold futures for December delivery gained 0.20 per cent to US$4,225.50.
Key data due this week include the US Consumer Price Index (CPI) report on Wednesday, followed by the Producer Price Index (PPI) and retail sales data on Thursday.
In September, the US central bank raised interest rates by 25 basis points. Traders are currently assigning an 18 per cent probability to a rate hike in October, while pricing in an 84 per cent chance of an increase by December, according to CME's FedWatch tool.
