New Delhi, May 15 -- Gold prices erased early losses to steady on Thursday, helped by a weaker dollar and technical buying as investors await key U.S. economic data later in the day for further clarity on future interest rates.
Spot gold was little changed at $3,179.07 an ounce as of 1102 GMT, after hitting its lowest since April 10 earlier in the session. U.S. gold futures fell 0.3% to $3,179.20.
The dollar index slipped 0.3%, making gold cheaper for other currency holders.
The U.S. and China this week agreed to temporarily slash harsh reciprocal tariffs, de-escalating a trade war and denting demand for gold as a safe haven.
On Thursday, focus will turn to U.S. producer price index data due at 1230 GMT after softer-than-expected cons...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.