Singapore - Saba: Gold prices stabilized on Thursday, as investors await important economic data in the United States that could provide further clues about the size of the interest rate cut that the Federal Reserve is expected to announce later this year.
Gold settled in spot transactions at $2655.03 per ounce (ounce). Prices hit an all-time high of $2685.42 on 26 September.
US gold futures added 0.2 per cent to $2675.40.
Investors are awaiting services sector data from the Institute for Supply Management and new jobless claims due later in the day, along with US non-farm payrolls data due on Friday.
As for other precious metals, in spot trading, silver fell 0.9 percent to $31.58, platinum fell 0.5 percent to $997.90, and palladium fell 1.3 percent to $1001.80.
Gold settled in spot transactions at $2655.03 per ounce (ounce). Prices hit an all-time high of $2685.42 on 26 September.
US gold futures added 0.2 per cent to $2675.40.
Investors are awaiting services sector data from the Institute for Supply Management and new jobless claims due later in the day, along with US non-farm payrolls data due on Friday.
As for other precious metals, in spot trading, silver fell 0.9 percent to $31.58, platinum fell 0.5 percent to $997.90, and palladium fell 1.3 percent to $1001.80.