Doha: Gold prices dropped on Wednesday’s trading as markets awaited US economic data. Spot gold was down 0.2% to $3,330.68 per ounce, while US gold futures also saw a decrease, falling 0.3% to $3,340.60.

According to Qatar News Agency, investors are closely monitoring the upcoming US employment data expected later today and the non-farm payrolls data scheduled for release tomorrow, Thursday. These economic indicators are anticipated to provide insight into the health of the US economy, influencing market trends and investor decisions.

In addition to gold, other precious metals experienced mixed movements in the market. Spot silver recorded a slight decline of 0.1%, bringing its price to $36.01 per ounce. Platinum witnessed a more pronounced drop, falling 0.4% to $1,344.91. Conversely, palladium bucked the trend by rising 0.4% to $1,104.92 per ounce. These shifts reflect ongoing market volatility as investors assess the implications of the forthcoming US economic data.