Gold prices dip ahead of US data

Gold prices declined in early trading on Thursday as investors awaited key US economic data for insights into potential Federal Reserve interest rate cuts later this year.

Spot gold prices decreased at 7:37 GMT by 0.40 per cent to $2,648.12 per ounce, compared to yesterday’s closing price of $2,658.8. While, US gold futures fell 0.06 per cent to $2,668.20, compared to Wednesday’s closing of $2,669.7.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama