- Gold steadied
Market news
29 January 2016
Gold steadied
Gold is currently at $1,114.70 (-0.13%). Bullion is on track to make January its best month in a year. Recent weak data on the U.S. economy and talks of Federal Reserve's inability to raise interest rates in March supported the non-interest-paying precious metal.
Despite recent gains Barclays still forecasts gold to cost $1,075 an ounce in the first quarter and $1,054 in 2016 in general.
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