Gold Holds Steady at High Levels as Dollar Declines

Gold remained stable on Thursday, staying close to its two-week high. The support for this comes from a weakening dollar and expectations that there might be cuts in U.S. interest rates. Investors are keeping an eye on inflation data from the United States.

In the spot market, gold held steady at $3,394.60 per ounce by 06:48 GMT. It had previously reached its highest since August 11 earlier in the session.

U.S. gold futures for December delivery saw a slight increase of 0.1%, reaching $3,451.60.