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Spot gold gained 0.5% to $2,204.99 per ounce as of 10:20 a.m. EDT (1420 GMT), eyeing its best month since November 2022 gaining around 8% so far, and a second straight quarterly rise. U.S. gold futures edged 0.7% higher to $2,204.80.
Gold price expectations amid anticipation of crucial U.S. data
The US currency, however, cut its losses after data showed that business activity in the world's largest economy picked up in January and a measure of inflation eased. A gauge of prices charged by companies for their products fell to the lowest level in more than 3-1/2 years, data showed.
Rupee Today: The Indian rupee closed marginally higher on Wednesday, supported by dollar sales from foreign banks, even as most of its Asian peers fell pressured by a recovery in the U.S. dollar index.
Oil prices dipped in Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top...