Gold muted as investors await trade deal details; palladium dips

Gold prices were largely subdued on Wednesday, with investors awaiting more details on US-China trade deal, while palladium retreated from last session’s record peak.

Spot gold was flat at $1,476.55 per ounce at 0354 GMT. US gold futures were little changed at $1,480.80.

“Gold is in sort of a holding pattern and one of the key reasons behind this is that the macro picture has been positive on the trade deal and it has obviously capped gold prices,” said ING analyst Warren Patterson.

“But the main issue is they are not…

View entirety: Economic Times