Gold holds steady on robust US, China data
Gold is set for best week in five on higher US retail sales and China’s economic recovery
16 April 2021 - 07:29
Bengaluru — Gold prices were steady on Friday as robust US economic data nullified support from lower Treasury yields, though the metal looked set to post a second straight weekly gain on inflationary concerns.
Spot gold was steady at $1,763.46/oz by 1.13am GMT. US gold futures were down 0.2% to $1,763.80/oz. Gold was set for its best week in five as inflationary concerns over huge fiscal aids and ultra-low interest rates across the globe kept the metal supported...
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