Gold trades little changed

Market news

18 January 2016

Gold trades little changed

Gold traded little changed in the absence of any major market driver. U.S. stock markets are closed for a public holiday on Monday.

Geopolitical tensions and the slowdown in the Chinese economy support gold. Official economic growth data from China will be released tomorrow. Analysts expect the Chinese economy to expand 6.8% in the fourth quarter, after a 6.9% in the third quarter.

February futures for gold on the COMEX today traded at 1088.90 dollars per ounce.

Oil prices slides below $29 a barrel

EY Item Club expects the U.K. economy to expand 2.6% in 2016

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