Gold consolidates in early Asian trade, but potential profit-taking may weigh after front-month gold futures settled at a fresh record high overnight.
The recent uptrend in the precious metal coincided with negative signs over the future of economic activities and the labor market in the U.S., XS.com's Samer Hasn says in an email. These sources of uncertainty have added to those prevailing globally such as concerns over trade conflict between the U.S. and the rest of the world, the senior market analyst adds.
Spot gold is little changed at $2,952.39/oz.
Source: Marketwatch
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