AuAltinavcisiPrecious metals news and analysis

Gold

Gold Prices Steady at $3,349 Amid Trade Tensions and Mixed Jobs Report

The Quiet Bank Run in Gold
The Quiet Bank Run in Gold

Gold prices remained stable at $3,349.19 per ounce on Wednesday as two opposing forces balanced each other out.

While stronger U.S. job openings data typically pushes gold prices down, ongoing trade tensions between the U.S. and China are keeping demand for gold as a safe investment high.

Analysts expect gold to trade between $3,300-$3,400 in the near term, with Friday’s employment report being the next major factor that could move prices.

Eight more from the desk

Other dispatches from the bullion wire.