Gold ticks lower ahead of US data

Gold bars

Gold prices declined marginally on Thursday after hitting their lowest level since April 2 on Wednesday. Investors are anticipating the final Q1 2024 GDP report today.

 

Gold futures for August delivery edged up 0.11% to $2,310.70 per ounce at 9:39 am Makkah time.

 

Gold spot prices also rose 0.11%, or $2.54, to $2,300.77 per ounce.

 

Meanwhile, silver futures for September delivery declined 0.69% to $29.055. Platinum spot prices also fell 0.76% to $1,006.83.

 

Analysts expect the US GDP for Q1 2024 to increase by 1.4% YoY, compared with previous reading of 1.3%.

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Commodity Price

 
Gold
4,134.87
24.43 0.59%
Silver
59.83
0.25 0.42%
PLATINUM
1,636.70
(1.60) (0.09%)

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