KONTAN.CO.ID - SINGAPORE. Gold steadied near a nine-year peak on Thursday as an escalation in U.S.-China tensions bolstered its safe-haven appeal, with investors also looking for a hedge against possible inflation as more stimulus is rolled out to support pandemic-hit economies. Spot gold was up 0.1% at $1,874.21 per ounce by 0646 GMT, after declining earlier in the session on mild profit-booking after prices hit their highest since September 2011 at $1,876.16. U.S. gold futures rose 0.6% to $1,875.50 per ounce. Baca Juga: Oil inches up, but concerns over demand recovery cap gains
Gold steadies near nine-year peak on Sino-U.S. row, stimulus bets
KONTAN.CO.ID - SINGAPORE. Gold steadied near a nine-year peak on Thursday as an escalation in U.S.-China tensions bolstered its safe-haven appeal, with investors also looking for a hedge against possible inflation as more stimulus is rolled out to support pandemic-hit economies. Spot gold was up 0.1% at $1,874.21 per ounce by 0646 GMT, after declining earlier in the session on mild profit-booking after prices hit their highest since September 2011 at $1,876.16. U.S. gold futures rose 0.6% to $1,875.50 per ounce. Baca Juga: Oil inches up, but concerns over demand recovery cap gains