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Gold holds steady as investors weigh faster Fed taper prospects

Gold holds steady as investors weigh faster Fed taper prospects

06 Dec 2021

Gold prices held steady on Monday as market participants weighed the prospect of a faster ending to pandemic-era asset purchases by the U.S. Federal Reserve after data suggested the labour market was rapidly tightening. Spot gold was little changed at $1,783.91 per ounce by 0038 GMT. U.S. gold futures rose 0.1% to $1,785.00.