LONDON, Jan. 15 (Saba) - Gold prices have stabilized today, supported by market expectations about the Federal Reserve's interest rate hike, while Chinese equities have raised interest in riskier assets.
Gold fell by 0.1 percent to $ 1290.31 an ounce and spot gold fell 0.1 percent to $ 1290.70 an ounce.
On the other hand, Asian stocks rebounded today after Beijing indicated further measures to support the stability of its slowing economy.
At the same time, the dollar fell on growing expectations that the US central bank will cut interest rates this year as global growth slows.
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Saba
Gold fell by 0.1 percent to $ 1290.31 an ounce and spot gold fell 0.1 percent to $ 1290.70 an ounce.
On the other hand, Asian stocks rebounded today after Beijing indicated further measures to support the stability of its slowing economy.
At the same time, the dollar fell on growing expectations that the US central bank will cut interest rates this year as global growth slows.
AA
Saba