Gold rebounds 1.1% after hitting seven-week low

Gold regained ground on Thursday, rising 1.1% in spot trading to $4,158.28 per ounce after hitting its lowest level in over seven weeks in the previous session, as investors awaited US economic data that could provide further clarity on the Federal Reserve's monetary policy outlook.

As of 11:36 GMT, US gold futures were up 0.5% at $4,190.10 per ounce.

Investors are closely watching upcoming US economic indicators for signals that could help determine the direction of the central bank's policy.

In precious metals markets, spot silver was steady at $60.98 per ounce, platinum slipped 1.1% to $1,697.73, while palladium gained 1.4% to $1,231.53.