A view of Krastsvetmet Precious Metals production facility in Krasnoyarsk, Russia on March 10, 2022.
Gold prices struggled for momentum on Monday as investors looked forward to a key inflation report that could shed more light on the U.S. central bank's next policy move.
Spot gold eased 0.13% to $2,427.86 per ounce by 0352 GMT, trading in a narrow $10 price range. U.S. gold futures slipped 0.3% to $2,466.40.
"I don't think people will want to make big commitments ahead of the data," said Ilya Spivak, head of global macro, Tastylive.
The U.S. consumer price index data, due on Wednesday, is expected to show that headline and core prices rose 0.2% month-on-month.
"Further inflation progress reflected in the upcoming CPI data could see gold eye for a retest of its all-time high once more," said IG market strategist Yeap Jun Rong.
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