Bullion, silver lose ground on US data

17.05.2024

Gold prices inched down on Wednesday ahead of a key U.S. inflation data that could offer insight into the Federal Reserve's interest rate trajectory.

Spot gold was down 0.1% at $2,355.24 per ounce, as of 0101 GMT. Bullion prices rose 1% on Tuesday.

U.S. gold futures were steady at $2,361.10.

Markets' focus will...