Gold prices edge higher with US inflation data in focus

(Reuters) – Gold prices edged higher on Monday as the dollar eased, while investors awaited a key U.S. inflation data due this week that could influence the Federal Reserve’s monetary policy stance.

Spot gold was up 0.2% at $2,020.80 per ounce, as of 0634 GMT. U.S. gold futures also climbed 0.2% at $2,029.30.

The dollar index dipped 0.1%, making bullion more attractive to overseas buyers.

The U.S. consumer price index (CPI) data is due on Wednesday.