Spot gold held steady on Thursday, as investors weighed the possibility of further easing moves by the U.S. Federal Reserve after better-than-expected manufacturing and labour market data
After recent data showed plunging consumer confidence, Thursday's batch of numbers suggested a strong rebound in demand for manufactured goods in July and increasing hiring from private employers, easing fears the economy would slip back into recession.
Investors are closely watching a key Fed policy meeting starting Sept. 20 for clues to whether the central bank might launch more stimulus measures for the economy.