Gold flat after three-day gain

Gold is trading sideways after three days of gains ahead of US price indicator data. Gold is trading sideways after three days of gains ahead of US data due this week that could affect the timing of the Fed’s eagerly awaited move towards quantitative easing. Spot gold is trading at $2,351 an ounce after rising 1.4 percent in the previous three sessions. According to the calculation made with the ounce of gold and the dollar/TL, the gram of gold is at TL2,439. Gold, which reached an all-time high above $2,400 an ounce last week, has been on a sharp rise since mid-February due to increased port demand as well as purchases by central banks and Chinese consumers. Optimism that the Fed is approaching interest rate cuts, which are positive for gold because it does not offer interest, has also supported gold in recent weeks. The US Beige Book is scheduled to be published on Wednesday, while economic growth and unemployment figures are scheduled to be released on Thursday. Meanwhile, the Fed's preferred price indicator will be monitored on Friday to see if there are any signs that inflation is moving back toward the central bank's target.