Gold prices nudged higher on Thursday, while traders await a key U.S. inflation data due later in the day to gauge the Federal Reserve's future monetary policy stance.
Spot gold rose 0.2% to $2,614.00 per ounce by 0246 GMT, after easing for the previous six sessions.
The U.S. Consumer Price Index for September is due at 1230 GMT and Producer Price Index data on Friday.
Markets see an 80% chance of a 25-basis-point Fed rate cut in November.
Dallas Fed Bank President Lorie Logan called for gradual cuts and said that the U.S. central bank should not rush.
Persons:
Price, Ilya Spivak, Spivak, Mary Daly, Lorie Logan, Israel's
Organizations:
U.S, Consumer, Treasury, Fed, San Francisco Fed Bank, Dallas Fed Bank
Locations:
U.S, Iran