Gold prices are trading in today’s European session below 2330 levels.
Gold prices were slightly higher on Monday as U.S. Treasury yields eased lower, while investors awaited inflation reading due later this week that could influence the Federal Reserve's interest rate trajectory.
The Personal Consumption Expenditures (PCE) data, an important inflation indicator, will be released on Friday. This week, Fed officials will speak, including San Francisco Fed President Mary Daly, Fed Governors Lisa Cook, and Michelle Bowman.