Gold Subdued As Investors Await Further Data for Fed Rate Cues

GOLD - LONDON. Gold prices eased on Monday, as investors were cautious ahead of more U.S. economic data release, while reports from last week showed that inflation was stabilising, lifting expectations that the Federal Reserve will likely cut interest rates this year.

Spot gold was down 0.5% at $2,318.79 per ounce, as of 0753 GMT, after rising more than 1% on Friday. U.S. gold futures fell 0.6% to $2,333.50.