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18 April 2024

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Gold holds steady as investors await key US economic data

25-09-2025 09:58 AM


Ammon News - Gold prices were little changed on Thursday with a slightly weaker dollar lending some support, while investors awaited key U.S. economic data for further insights into the Federal Reserve's policy path.

Spot gold was up 0.1% at $3,739.22 per ounce, as of 0557 GMT. U.S. gold futures for December delivery were unchanged at $3,769.60.

Safe-haven bullion, which tends to thrive in a low-interest-rate environment, had hit a record high of $3,790.82 on Tuesday.

The U.S. dollar index fell 0.1%, making greenback-priced bullion less expensive for overseas buyers.

"Initial support levels line up around $3,700 and $3,600. Breaking resistance at the latest high near $3,790 might expose $3,870-$3,875, followed by $4,000."

Spot silver was up 0.1% at $43.95 per ounce, platinum gained 0.2% at $1,474.90 and palladium fell 0.6% to $1,203.86.

Reuters




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