Gold climbs on softer dollar as US inflation data looms – Markets

Gold eked out gains on Thursday as the US dollar extended its retreat ahead of a US inflation report later in the day that could offer more clarity on the Federal Reserve’s monetary policy outlook this year.

Spot gold was up 0.4% at $2,031.30 per ounce, as of 0448 GMT. US gold futures also rose 0.4% to $2,035.40.

The dollar index fell 0.1%, on its second session of decline, making bullion…