Markets News 

Gold steady on soft dollar, trade optimism lifts risk mood

“Asian shares rose to 14-week highs on Monday, as growing optimism over U.S.-China trade talks and upbeat U.S. job data boosted global investors’ appetite for riskier assets” reports cnbc.com. Spot gold was steady at $1,512.93 per ounce, as of 0254 GMT, after dipping 0.2% earlier in the session, while U.S. gold futures were up 0.2% at $1,514.80 per ounce.Gold prices were steady on Monday as the greenback eased on soft manufacturing survey, while signs of a U.S.-China trade deal coming through this month stoked risk appetite, capping gains for the safe-haven bullion.An employee arranges gold bars for a photograph at the YLG Bullion International headquarters in Bangkok, Thailand on January 13, 2016.Spot gold may test a resistance at $1,519 per ounce, a break above which could lead to a gain to $1,534.
 
Source: cnbc.com



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