LONDON: Gold edged up on Wednesday, as uncertainty about Brexit talks, French elections and US President Donald Trump’s economic policies boosted safe-haven buying and offset a firmer dollar.
Spot gold was up 0.1 per cent at $1,252.11 per ounce at 1505 GMT. US gold futures slipped 0.3PC to $1,251.90.
Holdings of SPDR Gold Trust , the world’s largest gold-backed exchange-traded fund which is considered a gauge of investment demand, reported an outflow of 1.8 tonnes on Tuesday. Palladium prices slipped 0.7pc to $787.50 an ounce, after touching a two-year peak of $815.40 on Friday.
Spot silver was flat at $18.15 per ounce. In the previous session, the metal hit $18.24, the highest since March 2. Platinum rose 0.5pc to $951.60 per ounce.
Published in Dawn, March 30th, 2017
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