Gold firm as rising risk appetite offsets Fed pause views;p By- Commoditypandit.com:

Spot gold was trading up 0.1 percent at $1,282.31 per ounce by 0306 GMT, while US gold futures were steady at $1,282 per ounce.

Gold prices held steady on Monday as expectations that the US Federal Reserve will pause its multi-year interest rate hike cycle, were offset by a recovery in investor appetite for risk.

Spot gold was trading up 0.1 percent at $1,282.31 per ounce by 0306 GMT, while US gold futures were steady at $1,282 per ounce.

“Dovish signals (from the Fed) have kept dollar strength in check, helping gold. But on the other hand, we have seen them easing bearish sentiments in equity markets,” said Benjamin Lu, analyst at Phillip Futures, Singapore.

Less than two weeks ahead of the US central bank’s first policy meeting of the new year, Federal Reserve officials have left little doubt that they want to stop raising interest rates – at least for a while.

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