Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Gold edged lower on Thursday as upbeat US economic data bolstered the possibility of the Federal Reserve raising interest rates next month and beyond.
Spot gold was down 0.1 per cent at $1,276.95 per ounce at 0746 GMT, slipping from Wednesday's 3-1/2-week high of $1,289.09, reports Reuters.
US gold futures for December delivery dipped 0.1 per cent to $1,276.70.
Gold has traded within a tight range of about $24 for the month of November.
Spot gold remains neutral in a range of $1,270-$1,286 per ounce, and a break of that trading band could suggest a change in direction, according to Reuters technical analyst Wang Tao.
In other precious metals, palladium was up 0.2 per cent at $986.30 an ounce, after touching a two-week low on Wednesday.
Silver gained 0.1 per cent at $16.99 per ounce and platinum eased 0.1 per cent to $930.70.