Spot Gold Fluctuates, Initially Down 1% on August 28 Before Gaining 1% on August 29 Amid U.S. Economic Data

Spot gold prices experienced fluctuations in recent trading sessions, initially declining nearly 1% before recovering to gain 1%. On August 28, spot gold was reported down nearly 1% following the release of U.S. economic data. However, by August 29, gold had reversed its losses, showing a gain of 1% as traders assessed the latest economic indicators and awaited a key inflation report that could influence the Federal Reserve's interest rate decisions. Prior to this, gold had briefly increased by 0.3% during the trading session on August 29.