Gold futures steady near 2-week high on global stimulus outlook

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Gold futures were little changed during European morning hours on Wednesday, holding near the previous session’s two-week high as sentiment on precious metal remained upbeat amid indications the Federal Reserve intended to continue its quantitative easing program.

 

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,682.05 a troy ounce during European morning trade, down 0.1% on the day.