Gold slips for a second session
Thursday, 10 January 2019
BENGALURU, Jan 09 (Reuters): Gold slipped for a second session on Wednesday as investors regained appetite for risk on hopes of a breakthrough in US-Chinese trade talks, while palladium hit a record high.
Spot gold was down 0.3 per cent at $1,280.95 per ounce as of 1032 GMT. US gold futures also shed 0.3 per cent to $1,281.70 per ounce.
The metal hit a more than six-month peak of $1,298.42 an ounce last week, but improving risk taking appetite among investors since then has weighed on the metal, often seen as a safe haven for investors in times of uncertainty.