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Gold prices steady amid U.S.-China trade war concerns

Reuters  |  LONDON 

By Zandi ShabalalaLONDON (Reuters) - Gold was steady on Wednesday, failing to break from a narrow trading range as investors remained concerned about a simmering trade war between the United States and China.Spot gold was off just 0.07 percent at $1,196.70 an ounce at 1002 GMT, after hitting its lowest since Aug. 24 at $1,187.21 on Tuesday.U.S. gold futures were steady at $1,202.20 an ounce.The trade conflict between Washington and Beijing has prompted investors to buy the U.S. dollar in the belief that the United States has less to lose from the dispute."It looks like gold will remain in a ...

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First Published: Wed, September 12 2018. 16:23 IST