Gold Market UpDate By Ripples Advisory

Gold prices held steady in early Asian trade on Monday, underpinned by uncertainty following Britain's Brexit vote even as equity markets rallied on the back of upbeat US jobs data.

 

Spot gold, which hit a low of USD 1,335.68 in the wake of Friday's better-than-expected US jobs data, touched a high of USD 1,374.71 an ounce early Monday. It was down 0.1 percent at USD 1,365.10 at 0055 GMT.

 

US gold was up 0.6 percent at USD 1,366.80 an ounce.

 

SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, rose 0.30 % to 981.26 tonnes on Friday.

 

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