Gold prices slipped to a one-week low in early dealings on Thursday, as investors looked ahead to a report on U.S. personal income and spending, which includes the personal consumption expenditures inflation data, the Fed’s preferred metric for inflation, for fresh clues on the likely trajectory of monetary policy..
Comex gold futures hit an overnight low of $1,280.90 a troy ounce, their worst level since Nov. 22, before rebounding slightly to $1,282.21 by 3:00AM ET (0800GMT), little changed from the prior session’s close.
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