Gold was little changed near a three-week high as investors waited for data on the health of the U.S. economy.
U.S. data on initial jobless claims, durable goods, consumer confidence, home sales and personal spending are due today before the Thanksgiving holiday. The metal slid yesterday, before recovering to close higher, after data showed the U.S. economy expanded in the third quarter more than forecast.
Gold for February delivery fell less than 0.1 percent to $1,196.90 an ounce on the Comex by 7:50 a.m. in New York. The metal for immediate delivery slipped 0.3 percent to $1,197.13 an ounce. Futures trading volume was 46 percent above the 100-day average at this time of day.
Platinum for January delivery on the New York Mercantile Exchange was little changed at $1,225.20 an ounce. Palladium for March delivery climbed 0.7 percent to $802.30 an ounce.
Holdings in gold-backed exchange-traded products fell 1.1 metric tons to 1,616.7 tons as of yesterday, declining for the first time in three days, according to data compiled by Bloomberg.
Source : Bloomberg