Gold prices are approaching their highest levels in a month

Gold prices rose close to a one-month high on Thursday after a fresh batch of weak US data reinforced expectations of a halt in interest rate hikes this year, although inflation readings due later in the day may revise those expectations.

And gold in instant transactions rose 0.2 percent to $ 1945.40 an ounce.

US gold futures settled at $1972.40.

Spot silver fell 0.3 percent to $24.59 an ounce, and platinum settled at $974.13, heading for its second consecutive monthly gain. Palladium rose 0.9 percent to $1,232.98.

Data released this week showed the US economy grew at a slightly slower pace than initially thought during the second quarter of the year, while the number of job vacancies fell to the lowest level in nearly two-and-a-half years in July as the labor market gradually slowed.

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