0108 GMT — Gold declines in Asian trade. The precious metal is likely to continue reacting to changing monetary policy expectations, says Critical Metals’ Tony Sage in an email.

Gold prices could be weighed by expectations from Federal Reserve officials that monetary policy tightening could be required if inflation doesn’t come down, he says. A higher interest-rate environment typically weighs on the nonyielding yellow metal.

Upcoming economic data releases, including job market and inflation figures, could affect sentiment, with softer readings likely to fuel bets on a less hawkish Fed, he adds. Spot gold slips 0.1% to $4,513.18 a troy ounce.