Gold remains stable or supported by a weaker US dollar.

Gold prices held steady in early Asian trading, but could be supported by a weakening US dollar. Spot gold was mostly unchanged, trading at $5,140.55 per ounce. The weaker US dollar makes this dollar-denominated precious metal cheaper for potential investors holding non-dollar currencies. Tony Sage of Critical Metals said that going forward, market participants may closely watch inflation data such as the US CPI to be released this week. The CEO added, "These indicators could play a decisive role in influencing currency policy expectations and the recent trend in gold."