Gold trims losses as safe-haven, central bank demand lend support


An employee holds one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Dec. 22, 2023. - Photographer: Chalinee Thirasupa/Bloomberg

Gold prices pared earlier losses on Monday, as some safe-haven demand filtered through and as strong central bank buying supported prices after they dropped to an over three-week low, while analysts continued to see a bullish outlook for bullion.

Spot gold was down 0.6% at $3,019.63 an ounce, as of 0745 GMT.

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Gold , bullion , central bank , recession , tariff

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