Gold Up As Stock Markets Tumble….LIVE NEWS UPDATE BY ROYAL TRADERS

LIVE NEWS !!!

Gold was up on Friday morning in Asia as the U.S. dollar steadied and U.S. stock markets tumbled during the previous session.

Gold futures were up 0.30% to $1,943.40 by 11:55 PM ET (03:56 AM GMT). Still, futures are down from a day earlier, when they peaked at $1,955.90.

The small rise in gold happened in tandem with a flattening in the fall of the U.S. dollar, which has recovered somewhat against major currencies as a result of a poor economic outlook and expectations that the U.S. Federal Reserve will keep benchmark interest rates low for years. The expectation of low rates is supporting of gold, which pays no interest or dividends.

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