MUSCAT : Spot gold settled at $3,734.04 per ounce, while US gold futures for December delivery ended at $3,765.20. The slight dip in the US dollar, with the dollar index easing 0.1 percent, offered support to bullion, making it less expensive for overseas buyers.
Markets are now turning their attention to Friday’s release of the Personal Consumption Expenditures (PCE) Price Index, the Fed’s preferred inflation gauge, for fresh clues on the outlook for interest rates.
The yellow metal remains near record territory, after hitting an all-time high of $3,790.82 just last Tuesday.
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Among other precious metals, spot silver slipped 0.2 percent to $43.83 per ounce, platinum edged down 0.1 percent to $1,470.66, while palladium inched up 0.1 percent to $1,210.96.
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