Gold prices steady as economic growth woes dent risk sentiment

04/09/2019 Reuters

 

Gold prices held steady near a one-week high on Wednesday, supported by weak US manufacturing data that heightened fears of an economic slowdown and soured risk sentiment.

 

Spot gold was up 0.1 percent at $1,548.31 per ounce at 0121 GMT, having touched a one-week high of $1,549.80 earlier in the session.

 

US gold futures were steady at $1,555.6 an ounce.

 

Spot silver climbed 1.5 percent to $19.51 per ounce, after hitting $19.57, its highest level since September 2016. 

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