GOLD - STEADIES AS POST- SHUTDOWN RALLY PETERS OUT Gold steadied - TopicsExpress

GOLD - STEADIES AS POST- SHUTDOWN RALLY PETERS OUT Gold steadied on Monday, struggling to build on its biggest weekly rise in two months, as a rally sparked by expectation that the Federal Reserve will postpone tapering its monetary stimulus programme ran out of steam. Gold climbed nearly 4% last week on expectation the Fed would have to maintain stimulus measures after a two-week government shutdown hurt growth expectations. But strong gains in other assets have dampened gold’s appeal to investors, while physical demand remains lacklustre. Spot gold was flat at $1,316.30 an ounce at 12.05 GMT

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