Bengaluru — Gold traded in a tight $3 range on Friday as concerns over an economic slowdown supported prices for the safe-haven metal and a firm dollar kept a lid on gains. Investors are also awaiting further developments from ongoing US-China trade talks before making any big moves. Spot gold was steady at $1,312.56/oz as of 4.19am GMT, while US gold futures were up 0.1% at $1,315.40. “Uncertainties around Brexit and trade talks and strengthening of the dollar are capping gold prices,” said Brian Lan, MD at dealer GoldSilver Central in Singapore. “Until there is resolution to these global concerns we might see gold prices range bound between $1,305 and $1,326.” The dollar measured against six of its peers was up 0.1% at 97.04, after weakening by 0.12% in the previous session. Two White House negotiators will meet with Chinese President Xi Jinping later on Friday, but there has been no decision to extend a US deadline for a deal by March 1, US President Donald Trump’s economic advis...
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