Gold prices fall ahead of US inflation data

Gold prices dipped in early trading on Thursday as investors turned their attention to the upcoming US inflation report.

Spot gold prices dropped at 5:48 GMT by 0.13 per cent to $2,783.89 per ounce, compared to yesterday’s closing price of $2,787.43. While, US gold futures fell 0.21 per cent to $ 2,794.80, compared to Wednesday’s closing of $ 2,800.8.

Subediting: Y.Yasser