KUALA LUMPUR: Gold steadied on Wednesday, edging off a two-week low touched in the previous session, as the dollar retreated and equity markets fell on fresh trade fears ahead of the US Federal Reserve’s release of minutes from its last meeting.
Spot gold inched up 0.1 per cent to $1,275.65 per ounce as of 1324 GMT, having fallen to its lowest level since May 3 on Tuesday at $1,268.97.
Silver was up 0.1pc at $14.46 per ounce, while palladium lost 0.9pc to $1,307.35. Platinum slipped 1.3pc to $803.10 an ounce.
Published in Dawn, May 23rd, 2019
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