Gold prices hold steady, waiting US data

Gold prices held steady on Thursday at $2,299.55 per ounce (at 0255 GMT), following a decline to their lowest level since June 10th in the previous session. US gold futures also saw minimal change, dipping slightly to $2,310.20.

Investors are closely watching upcoming US economic data, particularly the Personal Consumption Expenditures (PCE) inflation data scheduled for release on Friday. This data will influence market expectations regarding the Federal Reserve’s future interest rate decisions.

Silver prices saw minimal movement, down 0.1 per cent to $28.74 per ounce. Platinum and palladium experienced slight fluctuations, with platinum dropping 0.3 per cent to $1,007.33 and palladium gaining 0.2 per cent to $930.39.

Attribution: Reuters