Gold prices steady near record highs as China tariff concerns linger
Gold prices firmed on Tuesday, holding near a record peak hit in the previous session, as lingering U.S. tariffs on China and inflation concerns boosted safe-haven demand, while attention also turned to key jobs data set to be released this week.
Spot gold was up 0.3% at $2,820.94 per ounce, as of 0436 GMT, after hitting a record high of $2,830.49 on Monday.
U.S. gold futures fell 0.2% to $2,851.40 on Tuesday.
Among other metals, spot silver edged higher 0.2% to $31.48 per ounce, platinum added 0.4% to $967.93, and palladium gained 1.3% to $1,022.09.
Markets in China, the top gold consumer, were closed for the Lunar New Year holiday and will resume trade on Wednesday. Reuters
Gold prices firmed on Tuesday, holding near a record peak hit in the previous session, as lingering U.S. tariffs on China and inflation concerns boosted safe-haven demand, while attention also turned to key jobs data set to be released this week.
Spot gold was up 0.3% at $2,820.94 per ounce, as of 0436 GMT, after hitting a record high of $2,830.49 on Monday.
U.S. gold futures fell 0.2% to $2,851.40 on Tuesday.
Among other metals, spot silver edged higher 0.2% to $31.48 per ounce, platinum added 0.4% to $967.93, and palladium gained 1.3% to $1,022.09.
Markets in China, the top gold consumer, were closed for the Lunar New Year holiday and will resume trade on Wednesday. Reuters
Gold prices firmed on Tuesday, holding near a record peak hit in the previous session, as lingering U.S. tariffs on China and inflation concerns boosted safe-haven demand, while attention also turned to key jobs data set to be released this week.
Spot gold was up 0.3% at $2,820.94 per ounce, as of 0436 GMT, after hitting a record high of $2,830.49 on Monday.
U.S. gold futures fell 0.2% to $2,851.40 on Tuesday.
Among other metals, spot silver edged higher 0.2% to $31.48 per ounce, platinum added 0.4% to $967.93, and palladium gained 1.3% to $1,022.09.
Markets in China, the top gold consumer, were closed for the Lunar New Year holiday and will resume trade on Wednesday. Reuters
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Gold prices steady near record highs as China tariff concerns linger
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