PRECIOUS-Gold prices steady amid trade war fears, Britain-Russia tensions
15 (Reuters) - Gold prices on Thursday were steady near a one-week high hit in the previous session amid political tensions between Britain and Russia, and renewed worries about a global trade war.
Spot gold XAU= was nearly flat at $1,325.06 per ounce at 0741 GMT, while U.S. gold futures GCcv1 for April delivery were almost unchanged at $1,325.20 per ounce.
"Gold has been supported by geopolitical factors as well as dollar weakness ... Stock markets were down overnight, we've got a bit of risk-aversion coming back in," said a Hong Kong based trader. He declined to be identified as he was not authorised to speak with media.
Asian stocks sagged while government bonds attracted safe-haven demand amid mounting investor concerns that growing trade tensions will hurt the global economy. MKTS/GLOB
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8006006296/ 8006707020
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15 (Reuters) - Gold prices on Thursday were steady near a one-week high hit in the previous session amid political tensions between Britain and Russia, and renewed worries about a global trade war.
Spot gold XAU= was nearly flat at $1,325.06 per ounce at 0741 GMT, while U.S. gold futures GCcv1 for April delivery were almost unchanged at $1,325.20 per ounce.
"Gold has been supported by geopolitical factors as well as dollar weakness ... Stock markets were down overnight, we've got a bit of risk-aversion coming back in," said a Hong Kong based trader. He declined to be identified as he was not authorised to speak with media.
Asian stocks sagged while government bonds attracted safe-haven demand amid mounting investor concerns that growing trade tensions will hurt the global economy. MKTS/GLOB
for contact:
8006006296/ 8006707020
www.foxcommodities.co
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