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Gold steady as markets focus on US data; silver eases from record high
Gold prices held steady on Wednesday as traders awaited key U.S. economic indicators to gauge the Federal Reserve’s policy direction, while silver pulled back from a new record high. Spot gold was steady at $4,207.60 per ounce at 0856 GMT, after falling more than 1% in the previous session. U.S. gold futures for December delivery were up 0.4% at $4,237.90 per ounce. "(Gold) trades unchanged in early European hours, with attention on key U.S. data that could cement expectations for a metal-supportive December rate cut," said Ole Hansen, head of commodity strategy at Saxo Bank. Investors are looking out for U.S. ... (full story)
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