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.

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.