Sat. Jan 16th, 2021

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Gold’s future changes a little

1 min read

Gold drops

Gold prices were steady on Tuesday, having hit a near-two week high in the previous session, as a softer dollar countered pressure from an upbeat risk sentiment.

Spot gold traded at $1,912.49 per ounce by 0108 GMT. Prices hit $1,918.36 on Monday, a peak since September 22.

U.S. gold futures were little changed at $1,919.30.

U.S. President Donald Trump returned to the White House on Monday after a three-night hospital stay where he was being treated for Covid-19.

Asia’s stock markets edged higher on Trump’s health update and prospects of a U.S. stimulus package, while the dollar index dipped 0.1% against rivals.

Silver rose 0.1% to $24.37 per ounce, platinum inched 0.1% higher to $897.99, while palladium dipped 0.2% to $2,356.85.

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