Gold steadied after a drop on Friday as traders turned their focus to upcoming central bank policy meetings.
Spot gold edged 0.2% higher to $1,463.50/oz by 10:41am in London after dropping 1.1% on Friday. Spot silver also little changed at $16.6085/oz after falling 2.3% in the previous session. Palladium advanced 0.3% to hit a fresh record of $1,885.77/oz. Platinum declined. Bloomberg Dollar Spot Index steady.
In focus this week are the Federal Reserve and European Central Bank’s gatherings, which may offer clues on whether more easing is in store in 2020. Investors are also waiting for news on whether Washington will go ahead with a planned Dec. 15 tariff hike on Chinese imports.
Source : Bloomberg