Gold remains steady as US-China talks eyed.
Author | Kazmi, S. Kamal Hayder |
Position | Brief article |
Byline: S. Kamal Hayder Kazmi
Gold prices held steady on Friday as investors waited to see if a crucial round of US-China trade talks over the weekend would resolve the bilateral dispute, while platinum surged more than 3%.
However, bullion was on track to mark its best month in three years, up 8% in June alone, on the back of expectations the U.S. Federal Reserve would ease monetary policy. Prices were up 9.1% in the quarter, its biggest percentage gain since the first quarter of 2016.
Spot gold was little changed at $1,409.33 per ounce as of 1:35 p.m. EDT(1735 GMT). Prices surpassed the key psychological $1,400 level earlier this week to reach $1,438.63 for the first time in six years. US gold futures settled 0.1%...
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