2017.02.2400:28:00UTC+00Gold Steady as Investors Eyed Trump’s Economic Policy

Gold prices were steady, near 3-½ month peaks touched in the earlier session after tempered expectations of a raise in U.S. rates in March, as investors await further details on President Donald Trump's economic policy.

Spot gold fell 0.1 percent to $1,248.21 an ounce. The precious metal, which touched $1,251.14, its highest since Nov. 11, in the earlier session, is on course to finish the week by gaining 1.1 percent. U.S. gold futures settled 0.2 percent lower to $1,249.3. The dollar index was mostly flat at 101.04. The London Metal exchange has reached a 50:50 revenue-sharing deal with a firm that was founded by a group of banks which will promote in its new gold futures contracts, according to sources.

In other metals, silver gained 0.2 percent to $18.20 an ounce, near a 3-½ month peak of $18.22 it notched in the previous ounce. Silver is on course to finish the week up at around one percent, its nine consecutive weekly advance. Platinum was 0.1 percent higher to $1,007 an ounce, and palladium climbed 0.2 percent to $774.25.

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