Gold was flat to weaker in Asia in light trade Thursday with the focus squarely on the timing of a widely expected Federal Reserve rate hike.
On the Comex division of the New York Mercantile Exchange, gold for December delivery traded at $1,131.00, down 0.04%. Silver for December delivery rose 0.04% to $14.795 a troy ounce.
Copper for December delivery fell rose 0.21% to $2.299 a pound.
Overnight, gold futures ticked up amid a wave of short covering, even as Chinese manufacturing data slumped to fresh six-and-a-half year lows exacerbating concerns of a forthcoming recession in the world’s second-largest economy.