Gold declined in early Asian trade, pressured by expectations of tighter U.S. monetary policy.
U.S. inflation remains above the Federal Reserve's 2% target, and markets continue to price in further tightening, according to Infirox.
The prospect of additional rate hikes keeps yields elevated, which weighs heavily on gold prices.
Analysts say the combination of sticky inflation and a hawkish Fed stance will likely continue to cap upside for the precious metal in the near term.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing