Bengaluru — Gold prices were little changed on Thursday after a steep sell-off in the previous session as a breakthrough in long-running US fiscal stimulus negotiations remained elusive.
Spot gold was steady at $1,839.54/oz by 4.44am GMT, after slipping as much as 2.5% on Wednesday. US gold futures gained 0.2% to $1,843.00. “Gold has struggled as markets are disappointed with the inability of US lawmakers to agree on a fiscal deal they were anticipating,” said Lachlan Shaw, National Australia Bank’s head of commodity research...
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