Spot Gold Steadies Near 9-Year Higher On US-China Row, Stimulus Bets

Gold steadied near a nine-year peak on Thursday as an escalation in US-China tensions bolstered its safe-haven appeal, with investors also looking for a hedge against possible inflation as more stimulus is rolled out to support pandemic-hit economies. Spot gold was up 0.1 per cent at $1,874.21 per ounce by 0646 GMT (12:16 pm in India), having declined earlier in the session on mild profit-booking after prices hit their highest since ...