Bengaluru — Gold prices edged lower on Monday as investors remained cautious ahead of a flurry of US data due this week, with firmer Asian stocks also weighing on the market. Investors will watch US data including June consumer confidence, pending home sales, crude oil inventories and revised first-quarter GDP for any signs of softness that could push back rate hike expectations. "The market is looking at this week with caution… There’s certainly some expectations of disappointing data and also a more dovish Fed, that could keep gold prices elevated," ANZ analyst Daniel Hynes said. "Anything on the inflation front will be constantly watched." Spot gold fell 0.2% to $1,254/oz at 5.15am GMT, staying not far off a one-week high hit on Friday. US gold futures for August delivery fell 0.1% to $1,255.2/oz. "We do not see much happening in gold this week and expect a continuation of a sideways slog as a trifecta of weaker oil, a stronger dollar and firmer US equities all combine to keep go...
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