Gold rose from sharp loses on Thursday, traders were wary of the yellow metal due to expectations of a flurry of U.S. economic and interest rate trajectory.

Spot gold edged up by 0.1% to $2,015.36 per ounce, while gold futures muted at $2,015.20 per ounce.

Futures prices slipping lower than the spot rate suggested that traders thought gold will plunge in the foreseeable future.

Bullion dipped by 0.7% on Wednesday, ignoring the greenback weakening to a great extent as increased level of uncertainty surrounding interest rates developed with crucial U.S. inflation and GDP figures approaching.

Gold was hurt by growing expectations that Fed will likely trim the interest rate not any time soon, as projections earlier hovered around early cut.

The demand for gold was further reduced by a string of record-high Wall Street closings, as investors shift their money to riskier, higher-yielding investments.

Attention is shifted now on the GDP figures for the Q4 scheduled to release during the day, which is projected to slow in growth.