Gold Steady as Markets Await Inflation Data Ahead of Fed Meeting

Gold held a small advance, with markets looking ahead to this week’s US inflation data for clues on the size of the Federal Reserve’s expected rate cut at its meeting next week. Bullion traded near $2,500 an ounce, after climbing 0.4% in the previous session, as traders prepared for the US consumer price index report due Wednesday . The figures are expected to show a 2.5% increase in August from a year earlier, which would be the smallest gain since 2021. That’s likely to reinforce the case for Fed easing,...