Gold steady amid renewed trade tensions

Gold prices were steady in early Asian trade on Friday amid renewed fears of a global trade war, while a firm dollar and positive U.S. economic data weighed on the market.

Spot gold was nearly unchanged at $1,298.20 per ounce by 0356 GMT, while U.S. gold futures for June delivery were down 0.2 percent at $1,298 per ounce. Spot gold is down slightly this week.

The dollar index, which measures the greenback against a basket of six major currencies, was up 0.1 percent at 94.117.

Gold's current price movement reflects the relatively calm attitude of investors, said Mark To, head of research at Hong Kong's Wing Fung Financial Group.

"These uncertainties are to be with us for quite some time, so sooner or later investors will get used to it," To said, adding that he expected gold to trade in the $1,296-$1,305 range.

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Cardamom futures dip on easing demand

Cardamom futures were trading lower during the morning trade in the domestic market on Wednesday as speculators booked profits at prevailing levels amid easing demand in the spot market. Analysts said besides profit booking by participants at existing level, fall in demand against adequate stocks position, mainly led to decline in cardamom prices at futures trade.

At the MCX, cardamom futures for June 2018 contract was trading at Rs 905 per kg, down by 0.30 per cent, after opening at Rs 905, against a previous close of Rs 907.70. It touched the intra-day low of Rs 905.

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