You are here: Home » Reuters » News
Business Standard

Gold little changed as dollar pauses on hopes for trade truce


By Swati Verma(Reuters) - Gold was little changed on Wednesday, holding above the $1,300 level as the dollar retreated from a two-month peak on hopes of a U.S.-China trade deal, while rising global equities kept the metal's gains in check.Spot gold was steady at $1,310.38 per ounce as of 1337 GMT, while U.S. gold futures were flat at $1,313.60."The fact that gold prices have been holding above the $1,300 level over the last few days is supporting the market and the U.S. dollar index is somewhat weaker," said Commerzbank analyst Eugen Weinberg."Overall there is healthy demand from investors ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, February 13 2019. 19:31 IST