BENGALURU, Sept 24 (Reuters): Gold was little changed on Tuesday, hovering near the two-week peak hit in the previous session on global growth concerns, though further talks in the US-China trade dispute could yet dent appeal for the safe-haven metal.
Spot gold was steady at $1,520.99 an ounce at 1131 GMT, having hit its highest since Sept 6 at $1,526.80 on Monday.
US gold futures were down 0.2 per cent at $1,528.
Concerns over global growth plus the added spice of geopolitical risk that has emerged again in the Middle East is supporting gold, said Saxo Bank commodity strategist Ole Hansen.
"The underlying demand for gold is still there. In terms of a trigger, the market will continue to keep an eye on developments in oil markets from the geopolitical perspective."
Concerns over the global economy have continued to mount of late, with a survey out of the Euro zone on Monday showing business growth stalled this month while mixed economic readings out the United States added to caution over the prolonged US-China trade war.
Growth fears keep gold steady
FE Team | Published: September 24, 2019 21:14:18
Growth fears keep gold steady
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