Friday, 24 February 2017

Gold Steady Near 3-1/2 Month High, Focus On Trump Economic Policy

Gold prices held steady on Friday near 3-1/2-month highs hit in the previous session amid tempered expectations of a U.S. rate hike in March and as investors awaited clarity on President Donald Trump's economic policy. Spot gold was mostly unchanged at $1,249.37 per ounce at 0326 GMT after hitting its highest since Nov. 11, 2016 at $1,251.14 in the previous session. The metal has gained more than 1% so far this week. U.S. gold futures were also firm at $1,250.80.

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