Gold was steady in Asia as investors monitor U.S. President Donald Trump’s State of the Union address for cues on trade, although markets in his chief antagonist, China, remain shut for the Lunar New Year holidays.
Of interest on trade will be any updates from Trump to Congress on the state of negotiations with China, and his likely pleas to lawmakers to approve the U.S.-Mexico-Canada Trade Agreement and support the administration’s proposed Reciprocal Trade Act.
Spot gold -0.1% at $1,313.58/oz at 10:13am in Singapore. Bloomberg Spot Dollar Index +0.1%.
Other Precious metals: Silver -0.2%, Platinum -0.2%, Palladium -0.4%.