Gold prices rangebound as traders focus on US economic data

WORLD CAPITALS/ WAM

Gold prices crept higher on Wednesday but were stuck in a narrow range as investors looked to US economic data for further clarity on the Federal Reserve’s interest rate path, Reuters reported.
Spot gold rose 0.2% to $2,327.86 per ounce by 0429 GMT, after having hit its lowest since April 5 in the previous session. US gold futures were steady at $2,340.90.
Spot platinum rose about 1% to $916.65, and palladium climbed 0.7% to $1026.23.

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