BENGALURU: Gold prices were little changed in Asian trade on Monday as markets assessed the possible consequences of a US-led missile strike against Syria over the weekend, in the biggest intervention by Western powers against a poison gas attack.

Spot gold was down 0.1 percent at $1,344.03 an ounce as of 0753 GMT, while US gold futures eased 0.1 percent to $1,346.80 an ounce.

Forces from the United States, Britain and France pounded Syria with air strikes early on Saturday, hitting three of Syria’s main chemical weapons facilities.

“It’s too early to say what the impact is; if you think what the risk assets and dollar has done in Asian hours, gold is steady in comparison. It has done its job and brought stability to those who hold gold in their portfolio,” said Dominic Schnider at UBS Wealth Management in Hong Kong.

Spot gold may break a resistance at $1,348 per ounce and rise more towards the next resistance at $1,355, said Reuters’ technical analyst Wang Tao.—Reuters