"Gold Price Outlook: Traders Await US CPI Data for Fed Signals"

Gold prices dipped as traders awaited U.S. inflation data and Federal Reserve comments for insight into interest rate plans, with spot gold down 0.2% to $2,020.97 per ounce. Analysts anticipate limited buying interest in gold due to a recent stock market rally and expect pressure on prices if inflation does not cool. U.S. CPI data is due on Tuesday, followed by retail sales and producer price index data later in the week, while at least seven Fed officials are set to speak. Fed policymakers have indicated a wait-and-see approach to rate cuts until they are more confident in inflation falling to 2%.