Gold likely to stay range-bound

Gold prices are expected to stay range-bound in the near term as investors await a series of key US economic data releases, including GDP and inflation, and signals from the Federal Reserve's December policy meeting for clarity on interest rate trajectory, analysts said.

- Agencies

“Gold prices may continue to see some consolidation (as focus remains) on the US data ahead of the Fed's December policy meeting... Key events tracked would be US housing data, consumer confidence, weekly jobless claims, GDP, and the Personal Consumption Expenditures (PCE) inflation numbers,” Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services, said.