Gold shines amid dollar decline and focus on US inflation data

Gold prices rose slightly on Tuesday as the dollar weakened, with attention focused on upcoming inflation data that could shape expectations for the next move by the Federal Reserve (the US central bank) on monetary policy.

The US producer price index is scheduled to be released on Thursday, while the consumer price index data will be published on Friday.

Gold prices fell on September 4 after data showed a sharp acceleration in US job growth in August, while the unemployment rate remained steady at 4.1 percent.