Spot gold eased 0.4% to $1,891.47 per ounce by 11:47 a.m EDT (1547 GMT), while U.S. gold futures fell 0.2% to $1,894.40.
The dollar index strengthened 0.2%, lowering gold’s appeal for other currency holders, while benchmark Treasuries fell to a one-month trough.
Analysts noted that higher U.S consumer price index data due on Thursday could spark some fears over the Fed tapering its expansionary monetary policy and drive gold prices lower.
Societe Generale, however, said gold prices could reach $2,000 by end-2021.
Meanwhile, silver fell 0.9% to $27.62, palladium dropped 1.2% to $2,800.96, and platinum slipped 1.5% to $1,155.46.
” Phillip Streible, Janet Yellen, Streible, Michael Matousek, Nakul Iyer, Jonathan Oatis, David Gregorio
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