Commodity Gold Trading News
Posted: Wed Aug 13, 2014 11:21 pm
Gold held on to small overnight gains on Thursday, as sluggish U.S. retail sales data boosted the metal’s safe-haven appeal, although higher stock markets could keep any gains in check.
- Spot gold was steady at $1,311.16 an ounce by 0025 GMT, after gaining 0.3 percent in the previous session. U.S. gold slipped about $2 to $1,312.70.
Data on Wednesday showed U.S. retail sales unexpectedly stalled in July, pointing to some loss of momentum in the economy early in the third quarter.
This eased some investor fears that the Federal Reserve will raise interest rates sooner than expected.