Gold declines for second session, dollar hits year peak

Gold futures titled lower in Asian trade as the dollar index scaled July 11, 2017 highs, ahead of crucial US consumer prices data later today. 

As of 06:59 GMT, gold futures due in December retreated 0.30% to $1,216.20 an ounce, while the dollar index rose 0.51% to 95.99 against an array of major rivals, marking year highs. 

Now markets await US data on consumer prices, expected to have increased by 0.2% in July, up from 0.1% in June, while core prices are estimated with a 0.2% rise, same as before.