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Gold holds up on weak equities, platinum near seven-year low

Spot gold was little changed at USD 1,089.20 an ounce by 0035 GMT, after a lethargic session on Monday with US markets shut for the Martin Luther King holiday.

January 19, 2016 / 12:50 IST
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Gold steadied in early deals on Tuesday as weaker stock and oil prices pushed investors towards safe-haven assets, but slow physical demand in Asia kept bullion under USD 1,100 an ounce.

FUNDAMENTALS

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* Spot gold was little changed at USD 1,089.20 an ounce by 0035 GMT, after a lethargic session on Monday with US markets shut for the Martin Luther King holiday.

* US gold for February delivery slipped 0.2 percent to USD 1,088.90 an ounce.