Gold steadies ahead of U.S. data

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Gold futures hovered near unchanged early Thursday, with investors awaiting cues from economic data and a busy calendar of speeches by Federal Reserve officials.

Price action

Market drivers

Gold lost ground Wednesday, ending at its lowest since Aug. 25, after strong U.S. economic data reinforced expectations the Federal Reserve will keep interest rates elevated for some time and helped lift Treasury yields and the U.S. dollar.

“Both…

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