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Gold steady after a fall
Gold prices traded within yesterday's range after the fall of the previous day.
Support prices have rise in stock markets and the unexpectedly high rates of China foreign trade in January. China's exports and imports grew above expectations and pointing to strong domestic demand and sustained economic recovery.
Chinese markets will be closed next week on the occasion of New Year and will be opened on February 18.
In addition, the purchasing sentiment largely contributed to the favorable statistics of the U.S. trade deficit for goods and services, which fell in December from a revised $ 48.61 billion the previous month to $ 38.54 billion, while the market on average expected a deficit of $ 46 , 0 billion
In the past year, China has increased its gold production sixth consecutive year to a record of 403 tonnes, while maintaining global leadership on this indicator, said Thursday edition of Shanghai Securities News.
April futures price of gold on COMEX today is trading in the range of 1665.80 - 1674.30 dollars per ounce.
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