(MT Newswires) -- Gold was steady early on Wednesday COMMODITIES: Gold Holds Steady As Stocks Weaken, Dollar Rises
09:00 AM EDT, 04/01/2020 (MT Newswires) -- Gold was steady early on Wednesday as equities markets weaken and the U.S. dollar rose.
Gold for June delivery was last seen up US$0.30 to US$1,596.90 per ounce in Comex electronic trade.
Stock markets in Asia and Europe were down as much as 4% overnight, while futures point to a weaker open on U.S. exchanges, increasing gold's attraction as a safe haven.
The U.S. dollar rose, making gold more expensive for international buyers. The ICE dollar index was last seen up 0.66 points to 99.71.
Cheers to the patient - stay safe & hopeful.