Gold Steady Ahead Of Trump

Gold prices held firm on Wednesday near a one-month high hit in the prior session, as appetite for riskier assets eased ahead of a meeting between leaders of the United States and China. The market is looking for cues from the minutes of Federal Reserve's March meeting expected to be released later in the day. Spot gold was steady around $1,255.12 per ounce by 0332 GMT. U.S. gold futures inched down 0.1% to $1,257.10. Spot gold on Tuesday hit its highest since Feb. 27 at $1,261.15, but failed to close above its 200-day moving average, a significant resistance, for the third time this year.

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