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 hit a record high of $2,531.60 on Aug. 20.
Traders now see a 73% chance of a 25-basis-point cut at the Fed's meeting next week, and a 27% chance of a 50 bp reduction, according to the CME FedWatch tool, opens new tab.
The U.S. public's outlook for inflationary pressures was little changed last month, according to a report released on Monday by the New York Federal Reserve.
Spot silver rose 1.2% to $28.26 per ounce, platinum gained 2.3% to $942.45 and palladium was up more than 3% at $945.72.
Source: Reuters
