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PRECIOUS-Gold steady as dollar slips from multi-month high [Reuters]

National Austra Bank (NABZY)  More Company Research Source: Reuters
NASDAQ:AMEX Investor Relations: nab.com.au/about-us/shareholder-centre
PDF PRECIOUS-Gold steady as dollar slips from multi-month high | Reuters 3 Min Read * Holdings of SPDR Gold Trust fell on Tuesday * Spot gold may bounce to $1,211/oz -technicals (Updates prices) By Eileen Soreng Nov 14 (Reuters) - Gold prices held steady on Wednesday as the U.S. dollar retraced from a 16-month high touched earlier in the week, easing amid a surge in the euro and sterling on a draft Brexit agreement. Spot gold was little changed at $1,202.08 per ounce at 0754 GMT. Prices had slipped to their lowest level since Oct. 11 at $1,195.90 in the previous session. U.S. gold futures were up 0.1 percent at $1,203.9 per ounce. “There has been some stalling in the U.S. dollar, the rise has eased helping gold to pick up,” said John Sharma, an economist with National Australia Bank (NAB). A weaker greenback makes dollar-denominated gold cheaper for holders of other currencies. “We are seeing investors and speculators snapping up gold because gold has the potential to go up to $1,230 to $ [Read more]

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