Gold prices were little changed in early Asian trading on Thursday as investors awaited U.S. jobs data for clues on the future path of interest rates.
اضافة اعلان
By 00:27 GMT, spot gold was steady at $4,146.66 per ounce, while U.S. gold futures for December delivery fell 0.3% to $4,177.
The U.S. nonfarm payrolls report for September is due to be released on Friday.
Data released Wednesday showed that U.S. inflation rose less than expected in August, while price pressures in the previous month were more moderate than previously reported. Gold prices briefly rose following the data but ended the session lower.
The data reduced expectations of a Federal Reserve interest-rate hike in October, while traders see an 87% probability of a rate hike in December.
Higher interest rates make gold less attractive because it does not generate a yield.
On the geopolitical front, Iran said Wednesday that it had received a response from the United States to its latest proposals to revive a ceasefire in the Gulf that had collapsed, days after President Donald Trump said he had rejected the proposal.
Meanwhile, Egypt’s mining sector attracted investment plans worth hundreds of millions of dollars this week as companies seek to explore for gold and other minerals in a country considered one of the least-explored for such resources in Africa.
Among other precious metals, spot silver fell 0.4% to $60.17 an ounce, platinum declined 0.1% to $1,704.95, and palladium fell 0.4% to $1,200.85.
