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Gold firm as investors await clarity on Trump's tariff plan


By Sethuraman N R(Reuters) - Gold prices held steady on Thursday as investors awaited more details on U.S. President Donald Trump's proposed steel and aluminium tariffs, the outcome of the European Central Bank's policy meeting, and U.S. jobs data. Spot gold rose 0.2 percent to $1,328.81 per ounce by 0804 GMT. It hit a one-week high on Wednesday at $1,340.42, before closing lower at $1,325.49 an ounce. U.S. gold futures were up 0.1 percent at $1,329."We see gold as a good hedge against rising equity market volatility and heightened political risks around trade tariffs, the NAFTA deal and ...

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First Published: Thu, March 08 2018. 13:47 IST