Gold steadies as investors await US payroll data for Fed policy clues
Gold prices were little changed on Thursday as investors held back from making significant bets, awaiting U.S. payroll data later in the day for insight into the Federal Reserve's policy direction.
Spot gold held steady at $3,357.96 per ounce as of 0601 GMT, while U.S. gold futures edged up 0.2% to $3,369.10.
Non-yielding gold tends to perform well during economic uncertainty and in a low-interest-rate environment.
Spot silver edged up 0.2% to $36.66 per ounce, platinum lost 1.1% to $1,402.66 and palladium shed 1.3% to $1,140. Reuters
Gold prices were little changed on Thursday as investors held back from making significant bets, awaiting U.S. payroll data later in the day for insight into the Federal Reserve's policy direction.
Spot gold held steady at $3,357.96 per ounce as of 0601 GMT, while U.S. gold futures edged up 0.2% to $3,369.10.
Non-yielding gold tends to perform well during economic uncertainty and in a low-interest-rate environment.
Spot silver edged up 0.2% to $36.66 per ounce, platinum lost 1.1% to $1,402.66 and palladium shed 1.3% to $1,140. Reuters
Gold prices were little changed on Thursday as investors held back from making significant bets, awaiting U.S. payroll data later in the day for insight into the Federal Reserve's policy direction.
Spot gold held steady at $3,357.96 per ounce as of 0601 GMT, while U.S. gold futures edged up 0.2% to $3,369.10.
Non-yielding gold tends to perform well during economic uncertainty and in a low-interest-rate environment.
Spot silver edged up 0.2% to $36.66 per ounce, platinum lost 1.1% to $1,402.66 and palladium shed 1.3% to $1,140. Reuters
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Gold steadies as investors await US payroll data for Fed policy clues
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