Gold steady as investors eye U.S. data for economic cues

Gold prices hovered around the important mark of $2,000 per ounce as investors sought clarity on the trajectory of the Federal Reserve's rate hike from US economic data. Spot gold remained at $1,999.09 per ounce, while US gold futures edged up 0.3% to $2,010.20. The upcoming Federal Open Market Committee meeting on 2-3 May was also being watched, as higher interest rates make gold less attractive compared to other investments. Silver ticked up 0.1% to $25.06 per ounce, platinum rose 0.7% to $1,094.12, and palladium climbed 1% to $1,498.95.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.