Bengaluru — Gold prices were steady on Tuesday as the US dollar remained on the back foot, with the metal supported by festering concern about US-China trade tension. Spot gold was unchanged at $1,345.62/oz as of 3.22am GMT. "Despite a quietening of negative headlines overnight, its unlikely we’ve seen the last of China trade tensions or a weaker US dollar for that fact. All of which continues to provide the most apparent reasons to own gold," said Stephen Innes, head of trading for Asia-Pacific for Oanda in Singapore. Against the yen, the dollar was down 0.1% at ¥107.03, off its seven-week high of ¥107.78 touched on Friday as traders braced for a meeting between US President Donald Trump and Japanese Prime Minister Shinzo Abe starting on Tuesday. The dollar index, which measures the greenback against a basket of currencies, also eased to 89.371 earlier, following a 0.4% fall on Monday. Meanwhile, the likelihood that there would be no immediate military escalation in Syria following...
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