Gold dips as geopolitical tensions ease; US inflation eyed

Gold slipped on Monday as signs of easing geopolitical risks weighed on its safe-haven demand, with markets now focused on upcoming US inflation data that could offer insight into the Federal Reserve's interest rate outlook. Spot gold fell 0.7% to $3,376.67 per ounce, as of 0248 GMT, after hitting its highest since July 23 on Friday.