Gold holds steady after steep fall

K Sathya Narayanan

“The market is holding tight ahead of the corporate earnings to know whether the economic conditions slowed in the first quarter and did it affect the corporate structure,” Phillip Futures analyst Benjamin Lu said. Gold fell more than 1% in the previous session after reports showed that the weekly jobless claims in the US fell to the lowest in nearly half a century and producer prices increased the most in five months in March.

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