Gold steadies on Thursday, attempting to compensate previous dips that took place during the weeks affected by the highest level touched by the greenback in six weeks.

Later in the day, the U.S. government will release a revised estimate of fourth-quarter GDP. If the economy continues to show indications of resilience, the Fed will have greater leeway to raise interest rates. This week, stronger-than-anticipated numbers on business activity supported that idea.

Spot gold muted at $1,824.76 per ounce, while gold futures dropped 0.1% to $1,832.85 per ounce. Both slipped by 0.4% to the moment this week.

Speaking of other metals, platinum futures plunged by 0.1% to $950.80 per ounce while silver futures dipped 0.6% to $21.530 per ounce.

On the other hand, industrial metals like the high-grade copper futures traded flat at $4.1790 post dropping 1.1% yesterday.

Despite some encouraging indicators for US business activity and hope for a revival in China, the price of red metal has only ticked up by about 2% so far this week.