Gold prices ease as dollar steadies

February gold futures fell 0.4% to $4,818.3 an ounce

Gold futures edged lower as investors took profits after recent gains, while US President Donald Trump’s retreat from imposing tariffs on Europe reduced the appeal of safe-haven assets.

During Thursday’s session, February gold futures fell 0.4%, or $19.2, to $4,818.3 an ounce.

Spot gold was little changed at $4,828.24 an ounce, while spot silver rose about 1% to $94 an ounce.

The dollar index, which measures the US currency against a basket of six major peers, was steady at 98.8 points at 9:19 a.m. Mecca time.

March silver futures climbed 1.15% to $93.66 an ounce. Spot platinum slipped about 1% to $2,463.42 an ounce, while spot palladium was flat at $1,848.17.

Investors are awaiting the release later today of the Federal Reserve’s preferred inflation gauge, along with weekly jobless claims, for further clues on the path of monetary policy.