Gold prices inched lower in today in global markets ahead of the US jobless claims data due later in the day. Spot gold was down 0.1% at $1,589.71 per ounce by 1050 GMT.
A stronger dollar weighed on gold. In India commodity markets are closed due to a holiday. Among other precious metals, silver gained 0.9% to $14.13 per ounce while palladium rose 3.5% to $2,294.27 per ounce, while platinum edged 0.2% higher to $718.62. "Both bulls and bears can build a narrative in gold right now, with low inflation, weak physical demand from key buyers and the dollar's strength for the bears and the economic shock, negative real yields and cenbank easing for bulls," said Saxo Bank analyst Ole Hansen. "The oil price jump is adding some 'risk on' to
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