Precious Metals Preview: COMEX gold slightly higher

Gold futures are slightly higher in early Asian trades after having settled higher on Friday. Investors await crucial US inflation data this week, which could influence the Federal Reserve's upcoming interest rate decision. Data last week from the Labor Department showed that non-farm payroll employment shot up by 227,000 jobs in November after rising by an upwardly revised 36,000 jobs in October. Meanwhile, the report said the unemployment rate crept up to 4.2% in November from 4.1% in October. Gold prices are seen supported on safe-haven appeal due to the ongoing tensions in the Middle East and the Russia - Ukraine war. Currently, COMEX gold is quoting at $2666.20 an ounce, up 0.25% on the day.

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