Gold steadies following a 5-week low

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  • FX Market
  • 10 months ago
  • 141

Gold prices steadied in today’s exchanges, pulling back some of the losses it suffered as it hit a five-week low in the previous session, lifted by a pause in global equities rally, while a firm greenback halted the bullion from making further gains.

Spot gold was steady at $1,287.25 per ounce, as of 0418 GMT, after slipping to $1,280.70 in the previous session, its lowest since late January

U.S. gold futures were up about 0.3% to $1,287.90 per ounce.



Source: Smart Trend Team