Gold inched higher yesterday ahead of key inflation data in the United States. Economists at ANZ Bank expect the yellow metal to hit a new all-time record high on a soft report.

Investors are watching for any clues on the Fed’s interest rate trajectory

“Investors are watching for any clues on the Federal Reserve’s interest rate trajectory.”

“The precious metal has been hovering around the $2,020/oz mark for several sessions, which is just below its all-time record high. Any signs of easing consumer prices should see this record under threat.”

See – US CPI: Banks Preview, hot inflation still the norm