NEW YORK - Gold prices showed stability as investors held their positions in anticipation of key US economic data releases. Spot gold was listed at $2,021.89 per ounce, while gold futures also remained steady, closing on COMEX at $2,024.80 per ounce. The precious metals market also saw silver experiencing a slight uptick in value up to $22.47 an ounce alongside gold's steadiness.
Market participants are keenly awaiting the release of the flash Purchasing Managers' Index (PMI) today and the Gross Domestic Product (GDP) report due tomorrow. These indicators are expected to provide insights into the health of the US economy and potentially influence the Federal Reserve's stance on interest rate policies. According to the CME's FedWatch Tool, no immediate changes to the Federal Reserve's interest rate policies are anticipated at the upcoming late-January meeting.
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