Is there anyone who can't sleep well because of gold? Read This Article

<p>The precious metal gold moved slowly at the start of the week amid investor caution ahead of the release of US inflation data.</p><p><br /></p><p>In the Asian session, spot gold traded hovering around the price of $1,922 per ounce, while gold futures were little changed at $1,946 per ounce.</p><p><br /></p><p>The decline in the US dollar at the beginning of the week failed to be used by the yellow metal to move higher.</p><p><br /></p><p>Investors are now more cautious pending the release of consumer inflation (CPI) data on Wednesday and US producer inflation (PPI) on Thursday.</p><p><br /></p><p><br /></p><p>The two data will be used as an important indicator for the Federal Reserve (Fed)'s next policy setting at the FOMC policy meeting that will take place next week.</p><p><br /></p><p>Over the past week, Fed policymakers have expressed strong support for maintaining the current stance at the next meeting.</p><p><br /></p><p>Even so, the attractiveness of the precious metal gold remains affected due to expectations of the continued strong performance of the US dollar.</p>