Gold futures Unchanged as traders await U.S. Economic data – Market Talk.

In rather quiet trade, gold futures are essentially flat. At $2,912.10 a troy ounce, futures are unchanged. Due to persistent safe-haven demand and a declining US dollar, the precious metal is up 0.4% this week. However, given the frequent reversals, gold is trading in a narrow range as markets seem to be pricing out the inflationary impact of President Trump’s tariff measures, according to a report from Daria Efanova of Sucden Financial. The U.S. Consumer Price Index data on Wednesday and the Producer Price Index data scheduled for publication on Thursday are the main focus of the market. Additional hints on the Federal Reserve’s route towards monetary policy easing may be revealed by the economic statistics. Bullion that does not bear interest is usually more appealing when interest rates are lower.