Gold prices held steady early on Tuesday, supported by hopes that the U.S. Federal Reserve could pause its rate hike cycle sooner than previously thought, but a stronger dollar amid Brexit worries weighed on the precious metal.
- Spot gold was steady at $1,244.71 per ounce, as of 0114 GMT.
- U.S. gold futures were little changed at $1,250.1 per ounce.
- The dollar index , which measures the greenback against a basket of six major currencies, advanced 0.75 percent on Monday and was back firmly above 97.00.
- British Prime Minister Theresa May on Monday postponed a parliamentary vote on her Brexit deal to seek more concessions but the European Union refused to renegotiate and lawmakers doubted her chances of winning big changes.
- The Federal Reserve's plans to continue raising interest rates next year were met with more scepticism on Wall Street on Monday, with futures traders betting on a pause and one major bank partially walking back a hawkish prediction.
- U.S. job openings rebounded in October, but hiring continued to lag, suggesting a recent slowdown in job growth was most likely because employers could not find qualified workers.
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