by Sybilla Gross
BNN Bloomberg
(Bloomberg) — Gold steadied ahead of key US data prints this week, with traders focused on whether they will reinforce bets the Federal Reserve will soon pivot to monetary easing.
Bullion was trading near $2,430 an ounce in Asia after falling 0.5% last week, as markets braced for the release of the consumer price index report due Wednesday. The figure is expected to have risen 0.2% from June.
Such a modest move would be unlikely to derail the central bank from a widely anticipated pivot to lower rates next month, as it also contemplates the need to avoid recessionary risks.