Gold prices exceeded the $2,000 barrier today, with the dollar declining from its peak record in the previous session, while traders await US inflation data scheduled for release tomorrow (Wednesday) to anticipate indicators of the rate hike path in the future. Gold in spot transactions rose 0.8 percent to $ 2005.79 an ounce, and US gold futures contracts also increased 0.8 percent, recorded at the settlement of $ 2019.00. The yellow metal received some support from a decline in the dollar, after a jump in the previous session, which also helped offset the impact of pressure from rising Treasury yields. Investors are awaiting US consumer price data, which is scheduled to be released tomorrow, Wednesday, in search of indications regarding the direction of interest rates during the monetary policy meeting of the Federal Reserve (the US Central Bank) next May. As for other precious metals, silver rose 0.8 percent to $25.08 an ounce, platinum increased 0.6 percent to $997.20, and palladium jumped 1.3 percent to $1454.17.
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