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Tuesday March 19, 2024

Gold stable

By REUTERS
January 24, 2018

Bengaluru : Gold prices held steady on Tuesday, as the dollar pared some losses but remained near a 3-year low amid a surge in global equities after a U.S. government shutdown came to an end.

Spot gold was little changed at $1,334.36 an ounce by 0111 GMT. U.S. gold futures were up 0.2 percent at $1,333.90. * Congress voted on Monday to end a three-day U.S. government shutdown, approving another short-term funding bill as Democrats accepted promises from Republicans for a broad debate later on the future of young illegal immigrants.

Asian stocks advanced on Tuesday after U.S. senators struck a deal to end the government shutdown, sending Wall Street´s main indexes to record highs.

Market participants await the outcome of the European Central Bank´s meeting on Thursday for possible clues to future shifts in the bank´s monetary policy.