GOLD MARKET UPDATE BY RIPPLES ADVISORY

Gold held steady early Tuesday after touching a four-week high in the prior session, with focus on a two-day US Federal Reserve meeting that begins later in the day and on Britain's June 23 vote on whether to leave the European Union.

 

   Spot gold had dipped 0.1 % to USD1,282.41 an ounce by 0058 GMT. Bullion touched a session-peak of USD1,287.0 on Monday, its highest since May 16.

 

US gold edged 0.2 %  lower to USD1,285.60

 

SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, rose 0.27 % to 896.30 tonnes on Monday, the highest since October 2013.

 

Gold priced in sterling rose to its highest since September 2013 on Monday as the British pound fell to an 8-week low against the dollar.


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