Gold prices were steady on Monday as investors awaited inflation data this week for clues about the path of interest rates set by the U.S. Federal Reserve.
By 12:25 Moscow time, December gold futures (Comex) were trading at $4407.20 an ounce, up 0.17% from the previous closing price.
Meanwhile, spot gold contracts were trading at $4,344.59 an ounce, up 0.07% from the previous settlement price.
Data released on Friday showed that the U.S. economy unexpectedly lost jobs in July 2026, while job figures for the previous two months were revised sharply downward, reducing expectations that the Federal Reserve will raise interest rates next month.
The median estimate points to a 0.2% month-on-month increase in the core consumer price index in July 2026, bringing the annual rate to 2.5% and continuing the gradual slowdown in inflation. The annual rate was 2.6% in June 2026.
Producer price data due next Thursday and retail sales figures due on Friday this week should provide further clues about the inflation outlook.
