Gold hurt by dollar rebound

SINGAPORE, Feb 28 (Reuters): Gold prices edged down for a third straight day on Wednesday, hurt by a rebounding US dollar, ahead of crucial economic data which help shape investors' view on the timing of the Federal Reserve's interest rate cuts.

Spot gold slipped 0.1 per cent at $2,026.71 per ounce, as of 1049 GMT. US gold futures fell 0.4 per cent to $2,035.90 per ounce.

The dollar index rose 0.3 per cent, its best session since Feb. 13, making greenback-priced bullion less appealing for other currency holders. Markets await the US GDP data due at 1330 GMT, while the Federal Reserve's preferred gauge of inflation - the core personal consumption expenditures (PCE) price index - is due on Thursday.

Spot platinum fell 0.5 per cent to $883.80 per ounce, while palladium dropped 2.2 per cent to $915.41, while silver fell 0.5 per cent to $22.32.