on U.S. inflation. The Labor Department is scheduled to release its consumer price inflation report for July at 8:30 am ET. Economists expect consumer prices to have increased by 0.2 percent month-over-month, slower than the 0.3 percent increase in June. A big uptick in inflation could pave the way for the Federal Reserve to raise interest rates next month. The minutes of the July FOMC meeting are on tap this afternoon. Gold was up 4 dollars at $1121 an ounce, staying well away from a recent 5-year low near $1074. by RTT Staff Writer

Source