• Gold prices trades in negative territory near $2,325 in Monday’s early Asian session. 
• Inflation in the US eased to its lowest annual rate in more than three years.
• The Middle East geopolitical tensions and the political uncertainty of France’s parliamentary election drag the Greenback lower. 

Gold prices (XAU/USD) edges lower to $2,325 on Monday during the early Asian trading hours. The precious metal loses ground amid a continuation of the Federal Reserve’s (Fed) cautious stance. Investors will keep an eye on the US June ISM Purchasing Managers Index (PMI), which is expected to improve to 49.0 in June from 48.7 in May.  

The US Personal Consumption Expenditures (PCE) Price Index readings fell as expected but remain elevated, triggering the US Fed to maintain its cautious stance. Data released from the US Bureau of Economic Analysis on Friday showed that the headline US PCE rose 2.6% on a yearly basis in May, compared to 2.7% in April, in line with the market estimation. Meanwhile, the core PCE inflation increased 2.6% YoY in May from 2.8% in April, matching expectations.