U.S. consumer price data due at 1230 GMT U.S. job openings hit record high in March (Adds comment, updates prices)
May 12 (Reuters) - Gold prices slipped on Wednesday, weighed down by higher U.S. Treasury yields and a slight rebound in the dollar ahead of the much-awaited U.S. consumer price data due later in the day.
Spot gold was down 0.3% at $1,832.05 per ounce by 0646 GMT. U.S. gold futures eased 0.1% to $1,833.60.
“The dollar has strengthened a little bit . if the inflation rate is higher than expected, it could encourage central banks to consider tightening their monetary policies faster than expected,” said Margaret Yang, a strategist at DailyFX.
Gold held firm near a three-month high on Monday after last week's miss on the U.S. jobs growth numbers weighed on the dollar and bolstered expectations that interest rates will remain low.
Palladium holds near record high Spot gold to retest resistance at $1,802/oz - technicals (Recasts, adds chart, updates prices)
May 6 (Reuters) - Gold prices rose on Thursday as a pullback in the U.S. dollar and Treasury yields lifted demand for the safe-haven metal, while investors awaited U.S. non-farm payrolls data for April due later this week.
Spot gold was up 0.4% at $1,794.30 per ounce by 0650 GMT. U.S. gold futures rose 0.6% to $1,794.20 per ounce.
“The U.S. Federal Reserve is continuing to push back here, it is good for gold because it’s keeping yields lower. I think this will eventually lead to a weaker U.S. dollar,” said Stephen Innes, managing partner at SPI Asset Management.