Gold Experiences Slight Uptick Amid Anticipation of U.S. Data Release

Gold prices saw a slight increase on Thursday, bolstered by U.S. producer price index data that was weaker than expected. This added to the already strong expectations of an interest rate cut by the Federal Reserve next week.

Investors are also eagerly awaiting key consumer inflation data to derive more clues about economic trends.

In spot trading, gold rose 0.1 percent to $3645.04 per ounce by 0044 GMT. It had previously hit an all-time high of $3673.95 on Tuesday.

U.S. gold futures for December delivery went up 0.1 percent to $3682.90.

Among other precious metals, spot silver remained steady at $41.13 per ounce. Platinum increased by 0.5 percent to $1392.55, while palladium went up by 0.7 percent to $1181.56.