Gold prices traded slightly higher on Tuesday as investors awaited the release of the U.S. May consumer-price index, an closely watched gauge of inflation, ahead of a Federal Reserve interest rate decision on Wednesday.
Gold prices for August delivery gained $9.60, or 0.5%, to $1,979.40 per ounce on Comex.
Silver for July delivery rose by 23 cents, or 1%, to $24.29 per ounce.
Palladium for September delivery gained $26, or 2%, to $1,368 per ounce, while July platinum fell by $1.30, or 0.1%, to $994 per ounce.
Copper for July delivery gained 8 cents, or 2%, to $3.83 per pound.
Softer-than-expected May U.S. inflation data could help push gold prices back above the $2,000 per ounce level, market analysts said.
Source: Marketwatch
