Gold steady as markets focus on US data; silver eases from record high
From zawya.com
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. ...
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