Gold prices remain in ‘holding pattern’
Gold’s upside remains capped by positive US economic data that is underpinning the dollar and stock markets
18 December 2019 - 08:03
Bengaluru — Gold prices were largely subdued on Wednesday, with investors awaiting more details on US-China trade deal, while palladium retreated from last session's record peak.
Spot gold was flat at $1,476.55/oz at 3.54am GMT. US gold futures were little changed at $1,480.80/oz. “Gold is in sort of a holding pattern and one of the key reasons behind this is that the macro picture has been positive on the trade deal and it has obviously capped gold prices,” said ING analyst Warren Patterson...
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