by Anushree Ashish Mukherjee
Reuters.com
Sept 9 (Reuters) – Gold prices held their ground on Monday, as investors awaited the U.S. inflation report for further clues on the potential size of the Federal Reserve’s interest-rate cut.
Spot gold was little changed at $2,499.79 per ounce by 1:54 p.m. ET (1754 GMT).
U.S. gold futures settled 0.3% higher at $2,532.70.
Bullion “will probably be fairly consolidated, perhaps a little bit choppy in the established range in gold,” said Peter A. Grant, vice president and senior metals strategist at Zaner Metals, who expects gold to hit all-time highs.