Bengaluru — Gold on Thursday held close to a one-week low hit in the previous session, pressured by upbeat US growth data for the third quarter and Federal Reserve chairwoman Janet Yellen’s bullish view of the economy. A lack of clear drivers has kept gold between $1,265 and $1,300 an ounce throughout November, its narrowest monthly range in 12 years. Despite the volatility overnight, it was another subdued session across the precious metals complex in Asia on Thursday, with gold struggling above $1,285 an ounce consistently, MKS analyst Alex Thorndike said in a note. Spot gold was little changed at $1,283.95 an ounce at 4.44am GMT. On Wednesday, it fell 0.8% to touch its lowest since November 22 at $1,281.90. Still, bullion is heading for its first monthly gain since August, having risen 1% for the month. US gold futures were up 0.1% at $1,283.10. "We see gold prices remaining subdued over the next two months but after that it will start to rise," said Richard Xu, a fund manager at...
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