Gold climbs on subdued dollar, US data in spotlight

Gold climbs on subdued dollar, US data in spotlight
# 27 April 2023 09:07 (UTC +04:00)

Gold prices rose on Thursday as a softer dollar rekindled some of bullion's appeal for overseas buyers, while investors braced for a host of U.S. economic data ahead of a crucial Federal Reserve policy meeting next week, APA-Economics reports citing Reuters.

Spot gold rose 0.48% to $1,999.01 per ounce by 448 GMT, while U.S. gold futures climbed 0.6% to $2,008.10.

The dollar index eased 0.1% on the day, set for a second session of decline.

Elsewhere, spot silver rose 0.7% to $25.05 per ounce, platinum added 0.3% to $1,093.36, and palladium gained 0.5% to $1,519.47.

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