Gold prices rose in early Asian trading. Spot gold rose 0.2% to $4,204.41 an ounce. Analysts at ANZ Research said in a report that a US inflation index was in line with market expectations and provided support for the Federal Reserve to cut interest rates later this week. The personal consumption expenditure deflator, which is widely regarded as the Federal Reserve's preferred inflation indicator, remained below 3% in September and showed a moderate increase in prices from month to month.

Gold prices rose in early Asian trading. Spot gold rose 0.2% to $4,204.41 an ounce. Analysts at ANZ Research said in a report that a US inflation index was in line with market expectations and provided support for the Federal Reserve to cut interest rates later this week. The personal consumption expenditure deflator, which is widely regarded as the Federal Reserve's preferred inflation indicator, remained below 3% in September and showed a moderate increase in prices from month to month.