Gold holds steady ahead of US data, rate cut bets in focus


A worker polishing gold bullion. — AFP

Gold steadied at the close of Asia trade on Wednesday as investors awaited a raft of U.S. data this week to set the course for the U.S. Federal Reserve's monetary policy, while silver vaulted to a record high.

Spot gold was steady at $4,205.78 per ounce, as of 0647 GMT, after falling more than 1% in the previous session. U.S. gold futures for December delivery were up 0.4% at $4,237.20 per ounce.

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