Gold pares gains, heads to break 9-day streak lower

Gold pared early gains on Friday, on track to break a nine-day streak lower despite the dollar’s extended rally as the precious metal market appeared reluctant to extend losses ahead of the US Federal Reserve meeting next week.



Spot gold was up 0.1 per cent at $1,154.35 an ounce at 2:23 p.m. EDT (1823 GMT), in technically oversold territory on the 14-day relative strength index at 25.6.



US gold for April delivery settled up 50 cents at $1,152.40 an ounce.



Platinum was flat at $1,111 an ounce, having fallen to its lowest since 2009 at $1,108.50 on Thursday.



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Posted in: Indian Market Tips