Gold holds steady after scaling 7-week high, US inflation data in focus

Gold prices remained stable during the early Asian trading hours on Monday, as investors gear up for significant inflation reports set to be released later this week. The recent underwhelming U.

S. jobs data has tempered expectations for interest rate hikes.

Meanwhile, ongoing geopolitical situations concerning Iran and Oman continue to capture attention, with other precious metals showcasing varied performances in initial trades.