Gold Dips as Investors Book Profits, US Inflation Data in Focus

GOLD - SINGAPORE. Gold prices eased on Tuesday as profit-taking kicked in after bullion hit a more than one-week high, while market players awaited key U.S. inflation data that could provide further insight into the Federal Reserve's next policy decision.

Spot gold fell 0.4% to $2,462.19 per ounce by 0259 GMT, after hitting its highest level since Aug. 2 earlier in the session. Prices rose more than 1% in the previous session.