India, Aug. 12 -- Gold prices moved modestly lower on Tuesday as bland US inflation numbers released today kept the expectations for a rate cut by the US Fed in September alive.
Front Month Comex Gold for August delivery edged down by $4.20 (or 0.13%) to $3,348.90 per troy ounce today.
Front Month Comex Silver for August delivery climbed 23.70 cents (or 0.63%) to $37.899 per troy ounce today.
In the US, data released by the Labor Department revealed core consumer prices rose by 0.3% in July, while the annual rate of core consumer price growth accelerated to 3.1%.
The Consumer Price Index (CPI) in the US increased 0.2% month-over-month in July, while the annual rate of growth remained at 2.7%.
Though the numbers are mixed, traders feel ...