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Tuesday April 23, 2024

Gold steadeis

By our correspondents
August 19, 2017

Bengaluru

Gold was mostly steady on Friday amid weaker Asian stocks, with some investors gravitating towards safe-haven assets on political uncertainty in the United States and after a van mowed through crowds in Barcelona, killing 13 people.

Spot gold was nearly unchanged at $1,287.34 per ounce by 0408 GMT, after climbing for two straight days. U.S. gold futures for December delivery were flat at $1,293.10 per ounce.

Asian stock investors joined a global retreat from riskier assets on Friday and the dollar wavered on growing doubts about U.S. President Donald Trump´s ability to fulfil his economic agenda.

Markets were further shaken as Spain mounted a sweeping anti-terror operation on Friday after a suspected Islamist militant drove a van into crowds in Barcelona, killing 13 people before fleeing.