Bengaluru : 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 was nearly flat at $1,325.06 per ounce, while U.S. gold futures 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.