Commodity News
HeadLine : Gold little changed as fears of larger U.S.-Iran conflict ease
Date : Jan 9 2020
Gold prices were steady on Thursday, retreating from the near seven-year peak hit in the previous session, as a softening rhetoric by the United States and Iran allayed concerns of a larger military conflict.
Spot gold was unchanged at $1,555.51 per ounce. Prices hit their highest since March 2013 at $1,610.90 on Wednesday. U.S. gold futures fell 0.3% to $1,555.90. President Donald Trump said on Wednesday the United States did not necessarily have to respond militarily to Iran's attack on military bases housing U.S. troops in Iraq. U.S. private payrolls increased by the most in eight months in December, pointing to sustained labour market strength. The World Bank on Wednesday trimmed its global growth forecasts slightly for 2019 and 2020 due to a lower-than-expected recovery in trade and investment despite cooler trade tensions between the United States and China.

Source : Investing
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