Gold prices ease, waiting for US economic data

Gold prices declined in early trading on Wednesday, as investors awaited US data for further economic cues.

Spot gold prices dropped at 6:40 GMT by 0.53 per cent to $2,649.31 per ounce, compared to yesterday’s closing price of $2,663.43. While, US gold futures fell 0.73 per cent to $2,670.75, compared to Tuesday’s closing of $ 2,690.3.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama