Gold Prices Steady as China Cuts Benchmark Rate to Support Economy …….LIVE NEWS UPDATE BY ROYAL TRADERS

Gold prices steadied on Thursday in Asia as China said its cutting its benchmark lending rate to prop up the economy.

Gold Futures for April delivery was little changed at $1,611.15 by 1:25 AM ET (05:25 GMT).

On Thursday, the People’s Bank of China said its one-year loan prime rate (LPR) was lowered by 10 basis points to 4.05% from 4.15% at the previous monthly fixing.

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