Gold, silver steady as markets await US data

Gold and silver prices stays unchanged as investors awaited US economic data

Gold and silver prices held steady on Thursday as investors awaited US economic data for clues on the Federal Reserve’s policy path.

December gold futures were flat at $3,766.1 an ounce, while spot gold was little changed at $3,735.22 by 08:27 a.m. Mecca time.

The dollar index, which measures the greenback against six major peers, slipped 0.1% to 97.8.

December silver futures were unchanged at $44.21 an ounce. Spot platinum rose 0.35% to $1,480.82, while palladium gained 0.2% to $1,209.69.

Investors are awaiting Friday’s release of the US core personal consumption expenditures (PCE) price index, the Fed’s preferred inflation gauge, which is expected to show a 0.2% monthly rise for August.

Later on Thursday, the government will publish final second-quarter GDP figures along with weekly jobless claims data.