Gold fällt nach der besten Sitzung seit einem Monat; Markt wartet auf Inflationsdaten

By Bharat Gautam

Jan 12 (Reuters) – Gold prices were lower on Wednesday, ahead of the release of U.S. inflation data that could provide further guidance on the Federal Reserve’s monetary policy, after comments from the agency’s chairman boosted the metal the day before.

* At 1055 GMT, spot gold was down 0.27% at $1,816.8 an ounce, after posting its biggest daily percentage gain since mid-December the day before. U.S. gold futures were trading steady at $1,817.70.

* The dollar was recovering slightly, a factor that weighed on gold, but „we will have more direction after the release of the U.S. consumer price index data,“ and if they meet expectations, gold will remain trapped in recent ranges, said Ricardo Evangelista, senior analyst at ActivTrades.

* In addition, „with fears of the impact of the omicron variant fading, gold could lose some of its appeal as a safe-haven asset,“ Evangelista added.

* In other pressure on gold, European stocks rose, in line with positive signals from Wall Street futures, after Fed Chairman Jerome Powell sounded less inclined to adopt an aggressive cycle of interest rate hikes and allayed market fears of an abrupt withdrawal of monetary support.

* In other precious metals, silver was down 0.3% at $22.70 an ounce; platinum traded flat at $970.55; and palladium was up 0.2% at $1,924.57.

(Edited in Spanish by Marion Giraldo)