U.S. CPI due on Wednesday
Dollar down 0.1
Platinum regaining investors39; attention ANZ

May 8 Reuters Gold prices edged higher on Monday as the dollar eased, while investors awaited a key U.S. inflation data due this week that could influence the Federal Reserve39;s monetary policy stance.

Spot gold was up 0.2 at 2,020.80 per ounce, as of 0634 GMT. U.S. gold futures also climbed 0.2 at 2,029.30.

The dollar index dipped 0.1, making bullion more attractive to overseas buyers.

The U.S. consumer price index CPI data is due on Wednesday.

Any signs of inflation being subdued would hinder the greenback due to lower interest rate expectations from the Fed, which could see gold trend higher, said Tim Waterer, chief market analyst at KCM Trade.

Traders also keep a tab on the developments surrounding the U.S. banking sector and U.S. debt ceiling.

U.S. Treasury Secretary Janet Yellen on Sunday issued a stark warning that a failure by Congress to act on the debt ceiling could trigger a constitutional crisis.

Gold would be among the prime beneficiaries if there are further signs of weakness in the U.S. economy and prices could move to 2,100 sooner rather than later, Waterer said.

Economic uncertainty and lower rates attract demand for zeroyielding bullion.

We are constructive on precious metals going into May … We anticipate a trading range of 1,9542,080 per ounce for gold in May, Edward Meir, metals analyst at Marex said in a note.

On the physical front, China…