Gold Steady as U.S. Dollar Declines Globally

Gold prices held steady on Thursday as investors awaited key economic data due later this week, which may provide indications on the path of U.S. interest rates.اضافة اعلان

According to Bloomberg News, spot gold remained unchanged at $3,390.91 per ounce after hitting its highest level since August 11 earlier in the session, while futures stood at $3,447.

The U.S. dollar opened Thursday’s trading lower, as traders increasingly bet on an interest rate cut next month. A weaker dollar typically makes gold less expensive for holders of other currencies.
--(Petra)