Gold prices are trading steady around Rs 39,950 per 10 gram levels in futures trade on February 5 as speculators created fresh short positions.
Navneet Damani, Vice President, Motilal Oswal, said gold prices eased further amid newsflow in the market surrounding the coronavirus outbreak and measures taken by the Chinese government to maintain economic stability. With China’s efforts to support the economy were jolted by the outbreak, economic data emerging from the US is also putting pressure on metal prices.
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