MARKET TALK:

Gold Expected To Hold Steady -VTB

The gold market is likely to hold firm in a fairly dull
session, barring any macroeconomic surprises, says VTB Capital. With the
economic calendar thin on macro numbers, the precious metal markets are
expected to "hold their breath" ahead of Thursday's interest rate decision by
the ECB. A rate cut would be beneficial for gold in the long run, VTB says.
"Our range remains intact, with gold well supported at $1,700/oz, while we
still have strong resistance at $1,760 and then $1,780-$1,800/oz," it adds.
Spot gold up 0.1% at $1,729.75/oz.