Gold Holds Ground as Traders Brace for US Inflation Data

Market


Gold prices firmed for a third consecutive session on Thursday, with investors awaiting US inflation data due later in the day for more insights on the Federal Reserve’s interest rate path.

The spot gold price was up 0.2% at $2,375.70 per ounce. Gold futures increased 0.1% to $2,381.30.

Among other metals, spot silver inched 0.4% higher to $30.94 per ounce, platinum ticked up 0.2% to $991.80 and palladium gained 0.6% to $992.30.

Source: Qatar News Agency