BENGALURU: Gold bounced back on Tuesday from multi-week lows touched in the previous session as mounting concerns of an economic slowdown exacerbated by a cut in the International Monetary Fund’s global growth forecast drove investors to the safety of bullion.
Spot gold was up 0.3 per cent to $1,283.50 per ounce at 1131 GMT, recovering from a dip to its lowest since Dec 28, at $1,276.31, on Monday. US gold futures were little changed at $1,282.80.
Silver rose 0.4pc to $15.28 an ounce while platinum edged 0.1pc higher to $792, recovering from its lowest since Jan. 2, at $784, earlier in the session.
Published in Dawn, January 23rd, 2019
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