LONDON: Bullion bounced on Wednesday as the dollar weakened, indicating investors are starting to worry about the impact of the US-China trade war on the US economy, luring some buyers back into gold investments.

Spot gold climbed 0.6 per cent to $1,204.92 an ounce by 1235GMT after going into the red on Tuesday.

Among other precious metals, spot silver rose 0.8pc to $14.24 an ounce.

Platinum gained 1.5pc to $821.80, after hitting its highest since Aug 13 at $822.80 during the session.

Palladium added 1.6pc at $1,025.60, after marking its highest since June 7 at $1,027.72.

“Used chiefly in the auto industry, palladium profited also from the relief rally enjoyed by base metals,” Commerzbank said in a note.

Published in Dawn, September 20th, 2018