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Gold holds steady as Fed rate pause bets weigh on dollar

“Gold held steady on Tuesday as bets on a pause in U.S. rate hikes and hopes of a Sino-U.S. trade deal put pressure on the dollar, but an improved risk appetite limited gains for the safe haven metal” writes unknown author for cnbc.com. India raised its gold holdings by 6.54 tonnes to 598.59 tonnes in 2018 November, according to International Monetary Fund data.U.S. Commerce Secretary Wilbur Ross predicted on Monday that Beijing and Washington could reach a trade deal that “we can live with.”. Spot gold was little changed at $1,288.36 by 0047 GMT. It hit a more than 6-month peak at $1,298.42 on Friday.Spot palladium hit a record high at $1,313.24 per ounce on Monday and was trading at a premium to gold.
 
Source: cnbc.com



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