Gold Price Fall Ahead of Important US Inflation Data

On Monday, gold prices declined as the dollar strengthened against major currencies ahead of crucial US inflation data.

Analysts anticipate the Federal Reserve will not cut interest rates in March, particularly with inflation showing resilience.

Tuesday, the US will release consumer prices data for February, projected to increase by 0.4% month-on-month, while producer prices are expected to rise by 0.3%.

In separate news, the dollar index climbed 0.2% to 102.8 as of 18:29 GMT, hitting a session high of 102.9 and a low of 102.6.

On trading, gold spot prices fell 0.1% to $2184.1 an ounce as of 18:29 GMT.