Economy / Markets
Gold slips near $4,164 as a firm dollar meets CPI week
Gold eased to around $4,164 an ounce on 12 October, extending an early-week retreat as dollar strength and higher oil prices weighed on the metal ahead of U.S. consumer and producer inflation data. Markets.com attributes the slip to a firmer dollar acting as a headwind, with oil-led inflation risk complicating bullion's safe-haven bid. September CPI and PPI later in the week are the next major catalysts, alongside retail sales and the start of bank earnings.