Gold price little changed ahead of U.S. data, set for quarterly gain

September 29, 2017

London (Sept 29)  Gold prices held at slightly firmer levels on Friday as investors awaited U.S. economic data that was expected to give more clues about a possible interest rate hike in December.

Spot gold was up 0.1 percent at $1,288.25 per ounce by 0946 GMT.

U.S. gold futures rose 0.2 percent to $1,291 per ounce.

Spot gold was on track to register a 2.5 percent decline in September, its largest monthly fall so far in 2017 and the biggest since November 2016, after the dollar strengthened on the back of better-than-expected U.S. economic data.

Reuters

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