Investors in gold take profits as US-Iran relations seem calmer
But palladium hits another record high due to prolonged supply constraints in the market
07 January 2020 - 15:37
Bengaluru — Gold prices retreated on Tuesday from near seven-year highs reached in the previous session as investors took profits in the absence of new developments in the tense situation between the US and Iran.
Palladium, meanwhile, hit another record peak due to prolonged supply constraints in the market. Spot gold was steady at $1,566.56/oz as of 10.47am GMT, having fallen as much as 0.7% earlier in the session. US gold futures were also steady at $1,568.30/oz...
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