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PRECIOUS-Gold steadies near $1,900/oz ahead of key U.S. data


U.S. GDP, jobless claims data awaited
Gold remains vulnerable to deeper pullback - analyst (Updates prices)
May 27 (Reuters) - Gold prices steadied near the $1,900-per-ounce level on Thursday as investors awaited key economic readings out of the United States, while a firmer dollar weighed on bullion prices.
Spot gold was up 0.2% at $1,900.30 per ounce by 0654 GMT, after hitting its highest since Jan. 8 at $1,912.50 on Wednesday.
U.S. gold futures eased 0.1% to $1,901.50 per ounce.
“Gold prices reversed back in parallel with the rebounding U.S. dollar. What this suggests is that we are starting to see markets positioning ahead of Friday’s PCE report,” DailyFX currency strategist Ilya Spivak said, referring to monthly U.S. personal consumption data. ....

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