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LONDON, June 17: Gold was steady after on Tuesday’s sharp gains as the dollar languished against the euro and oil held above $130 a barrel, with traders awaiting US economic data to give fresh market direction.
Gold was at $883.00/884.00 an ounce steady from $883.60/884.80 an ounce late in New York on Monday, when it jumped as high as $894.70 an ounce on a weaker dollar.
Traders are turning their attention to inflation and will be closely looking at data on the
US producer price index for May, which is due at 1230 GMT.—Reuters
