Gold Steady Near Record High as Traders Watch US Data, Venezuela

Gold steadied near a record high, as investors tracked mounting tensions in Venezuela and waited for US inflation data.

Bullion was near $4,340 an ounce, having risen 0.8% in the previous session. It’s just over $40 off an all-time high reached in October. Inflation numbers due Thursday will be watched closely for clues on how the Federal Reserve’s appetite for further rate cuts might be impacted.