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* Asian stocks close to the 9 month peak
* Dollar index close to the 2019 high
* GRAPHIC-2019 badet returns: tmsnrt.rs/2jvdmXl (Adds details, updates prices)
By Arijit Bose
APRIL 23 (Reuters) – Gold prices stabilized on Tuesday, as stock prices provide a risk-averse environment for investors, countering support for geopolitical concerns as Washington ends the exemption. sanctions on Iranian oil.
Spot gold was virtually unchanged at $ 1,275.10 an ounce at 3:19 GMT. The gold futures in the United States also remained stable at $ 1,277.20 an ounce.
"Gold is currently trying to find a short-term floor around $ 1,274 to $ 1,275 an ounce, especially as stock markets continue to climb," said Margaret Yang, an badyst at CMC Markets in New York. Singapore.
Asian stocks are hovering around a nine-month high hit last week as shares on Wall Street were almost in equilibrium on Monday, while the S & P 500 benchmark was at about 1% of the record reached in September.
In recent years, strong stocks have erased much of the attraction of gold, with metal now more than 5% lower than the peak reached in 2019 in February.
The better-than-expected economic performance of the United States and China has also eased most of the concerns over the global economic slowdown seen by market players.
Increased geopolitical tensions between the United States and Iran, the first to end all Iranian sanctions waivers on Monday, have driven up oil prices and supported metal prices, said Jeffrey Halley. Senior Market Analyst at OANDA.
"However, this is not enough to change the general feeling around the gold. It seems like time is running out, before other factors, such as a strong dollar or stock, put downward pressure on the market, "added Halley.
The dollar index also peaked at 97.71 in 2019, reached early March.
Data from the Commodity Futures Trading Commission of the United States also highlighted an upbeat sentiment of risk, which showed that hedge funds and money managers took a net short position on gold COMEX during the week preceding April 16th.
Markets are now planning to release US GDP data later this week, which will provide clear indications of the strength of the world's largest economy.
Elsewhere, silver gained 0.2% to $ 15.01 per ounce.
Platinum gained 0.4% to $ 899.08 per ounce and palladium rose 0.2% to $ 1,388.55 per ounce, after losing more than three percent to $ 1,373 at the previous session. (Report by Arijit Bose in Bengaluru, edited by Richard Pullin and Gopakumar Warrier)
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