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Stock Advisory in Indore: Gold holds steady after North Korea missile test
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Gold prices held steady on Wednesday as the reaction to North Korea's latest missile test was muted, while palladium hovered near the 17-year peak touched in the previous session.
FUNDAMENTALS
- Spot gold was little changed at $1,294.12 an ounce at 0113 GMT.
- US gold futures were down 0.1 percent at $1,293.60.
- Palladium dipped 0.2 percent at $1,024.99 an ounce, after hitting its highest since February 2001 at $1,028.70 in the previous session.
- North Korea fired what appeared to be an intercontinental ballistic missile (ICBM) that landed close to Japan, officials said, with some scientists cautioning that Washington, D.C. could now theoretically be within the range of Pyongyang's weapons.
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