Gold Prices Steady, But Off 9 month Highs As Dollar Firms

Gold prices held steady early on Monday as the dollar firmed, with the precious metal trading below an intra-day nine-month high hit on Friday when political and security concerns jangled investors’ nerves and stoked demand. Spot gold was nearly unchanged at $1,283.30 an ounce by 0111 GMT, after surging to its highest in over nine months on Friday at $1300.80.
US gold futures for December delivery slipped 0.2 percent to $1,289.40 per ounce. The dollar edged up in early Asian trading on Monday, moving tentatively away from the previous session’s four-month low against the yen when concerns that personnel changes at the White House weighed on expectations for U.S. For More Information About Commodity Market Please Visit : www.paceresearchindia.com and Call : 8817774774