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Gold steady as market awaits news on trade deal


Wednesday, 9 January 2019 08:16 WIB

GOLDEMASEmas berjangkaSpot Gold


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Gold held steady on Wednesday as a surge in risk appetite on hopes of a Sino-U.S. trade deal offset support from expectations of a pause in U.S. Federal Reserve rate hikes.

Spot palladium, meanwhile, notched up a new record high on Wednesday at $1,330 per ounce due to tight supplies.

Spot gold was little changed at $1,285.62 by 00:41 GMT.

U.S. gold futures were also steady at $1,286.70 per ounce.

The United States and China will continue trade talks in Beijing for an unscheduled third day, a member of the U.S. delegation said on Tuesday amid signs of progress on issues including purchases of U.S. farm and energy commodities and increased access to China’s markets.

Trump, in a post on Twitter on Tuesday, reiterated his recent statement that the talks with China were going well but gave no details.

Source: Reuters


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