Gold prices steady off 8-year high as risk appetite sharpens
Gold steadied on Thursday off the previous day’s near eight-year peak as
investors’ appetite for higher-risk assets like stocks improved following
encouraging coronavirus vaccine trials, and ahead of US jobs data later in
the day.
Spot gold was little changed at $1,770.79 per ounce by 0945 GMT, easing
from a near eight-year high of $1,788.96 it hit on Wednesday. US gold
futures rose 0.2 per cent to $1,783.60 per ounce.