Spot gold prices traded on a flat note and gained marginally due to weakness in the DX. Further, upbeat global market sentiments as US lawmakers confident to solve its debt ceiling issues and avoid default in the US government supported an upside in prices.
However, sharp upside in prices was capped as a result of decline in SPDR gold holdings by 0.2 percent to 889.13 tonnes. The yellow metal touched an intra-day high of $1288.86/oz and closed at $1272.80/oz in yesterday’s trade.
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