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Gold Retreats as Dollar Firms Ahead of Key U.S. Economic Data

October 03, 2024, 04.06 PM | Source: Reuters
Gold Retreats as Dollar Firms Ahead of Key U.S. Economic Data

ILUSTRASI. Gold extended declines on Thursday, pressured by a stronger dollar, while investors were cautious ahead of key U.S. economic data. REUTERS/Alexander Manzyuk

GOLD - SINGAPORE. Gold extended declines on Thursday, pressured by a stronger dollar, while investors were cautious ahead of key U.S. economic data that might provide clues about the size of the Federal Reserve's interest rate cuts expected later this year.

Spot gold fell 0.5% to $2,645.39 per ounce by 0812 GMT.

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