Gold prices softened a touch but still hovered near $1,103 per ounce on Tuesday after posting their biggest daily gain in three months in the previous session boosted by an oil rally, US dollar weakness and strong data.
Spot gold inched down 0.1% to $1,103.75 per ounce compared to New York's notional close of $1,105.30. US gold futures for April delivery were steady at $1,105.00 an ounce on the COMEX division of NYMEX.
The world's largest gold-backed exchange-traded fund, SPDR Gold Trust said its holdings stood at 1,111.92 tonnes as of February 1, unchanged from the previous business day.
Source & Full article Boomberg UTV
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