Bengaluru — Gold slipped on Thursday, pressured by technical selling after repeatedly failing to breach $1,300 this week, though US sanctions on Chinese telecoms company Huawei dented risk appetite and limited bullion’s losses. Spot gold was down 0.2% at $1,294.31/oz at 10.27am GMT, holding in a relatively narrow range of about $4. US gold futures were down 0.2% at $1,294.90. “We have seen repeated attempts in the last few days to rise above $1,300 and it [gold] appears to be facing some kind of barrier. There is clearly some selling when it hits that level,” said Capital Economics analyst Ross Strachan, adding that trade tensions and global economic growth concerns continue to offer support for bullion. European stocks fell and government bond yields slipped after the US government hit Huawei with sanctions, further straining Sino-US trade ties. The latest move from Washington tempered hopes of a breakthrough in an escalating trade conflict that has rattled financial markets and co...
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