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Gold holds steady on global growth concerns; trade talks in focus

Reuters 

By Sethuraman N R(Reuters) - Gold prices held firm on Monday, supported by worries over a slowdown in global economic growth and uncertainties around Sino-U.S. trade war, but a strong dollar limited the safe-haven metal's appeal.Spot gold was marginally lower at $1,312.76 per ounce, as of 0254 GMT, while U.S. gold futures fell 0.2 percent to $1,316.50 per ounce."Global growth worries, absence of positive signs in U.S-China trade (talks) and reduction in the euro-zone growth forecasts have laid a strong foundation for gold in the longer run," said Benjamin Lu, an analyst with Singapore-based ...

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First Published: Mon, February 11 2019. 09:13 IST
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