Thursday 31 January 2019

Gold Prices Steadies Amid Uncertainty Over U.S.-China Trade

Gold trading range for the day is 32743-33067.

Gold prices steadies amid uncertainty over U.S.-China trade relations and as Federal Reserve kept rates on hold.

Fed held interest rates steady but said it would be patient in lifting borrowing costs further this year as it pointed to rising uncertainty about the U.S. economic outlook.

Investors are also concerned that criminal charges against China’s Huawei Co.. for violating U.S. sanctions against Iran could complicate U.S.-China trade talks.

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