Gold prices are seen easing further below recent highs and are currently quoting lower by nearly half a percent at $2337.50 an ounce. Investors are eying FOMC due this week as economic data indicates that inflationary pressures are staying firm. Data from the Commerce Department showed the Federal Reserve's preferred measure of inflation, the personal consumption expenditures price index, exceeded expectations on an annual basis in March. The report said the annual rate of consumer price growth accelerated to 2.7% in March from 2.5% in February. US benchmark treasury yields are staying elevated at 4.6% and dollar index hovers very close to 106 mark reducing appeal for the safe haven yellow metal.

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