Gold edges higher on dollar dip; investors eye US inflation data
Gold prices started the week on a firm footing on Monday, supported by a retreat in the dollar, as investors awaited U.S. inflation data due this week that would indicate the Federal Reserve's next interest rate move.
FUNDAMENTALS
* Spot gold was up 0.1% at $1,919.52 per ounce by 0105 GMT, but still hovered near one-week lows hit on Sept.
6. Bullion lost 1% in the previous week.
U.S. gold futures steadied at $1,943.
* The U.S.
dollar and benchmark 10-year bond yields dropped 0.2%, making non-yielding bullion more attractive for overseas buyers.
* The U.S. Consumer Price Index (CPI) for August is due on Wednesday and is expected to shape the Fed's interest rate decisions this year.
* Ahead of their policy-setting meeting this month, Fed policymakers have been pretty clear about two things: They are not itching to raise interest rates, but few among them are ready to declare victory, either.
* The European Central Bank will hold interest rates steady on Sept.
