World Economy

Gold Flat

Gold FlatGold Flat

Gold spun its wheels on Wednesday as a strong dollar kept a lid on gains but some analysts said bullion may get support from European political risks in coming months, Reuters reported. Spot gold was unchanged at $1,211.81 an ounce after dipping in the previous session by 0.15%. US gold futures rose 0.1% to $1,212 per ounce. Gold has shed nearly 10% from a peak hit in the aftermath of the US election two weeks ago, holding above key support around $1,200. The metal has been hit by expectations that the policies of US president-elect Donald Trump will boost economic growth and strong US data that has supported an interest rate rise.

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