Gold (XAU/USD) attracts some buyers after a modest Asian session dip to sub-$4,400 levels. The upside, however, seems limited as traders might refrain from placing directional bets ahead of US inflation figures. The US Producer Price Index (PPI) report will be published later this Thursday, while the US Consumer Price Index (CPI) is due on Friday. The key data will provide more cues about the Federal Reserve’s (Fed) policy path, which, in turn, should influence US Dollar (USD) price dynamics and provide fresh impetus to the non-yielding bullion.
In the meantime, markets are pricing in around a 60% chance that the US central bank will raise…
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