LONDON: Gold prices steadied after a two-day losing streak on Wednesday, as equity markets dropped but remained well below the $1,300 mark.

Spot gold was up 0.1 per cent at $1,296.15 an ounce at 1356 GMT, while US gold futures for December delivery were up 30 cents an ounce to $1,297.00. The metal has traded within a range of just over $42 so far in August, its narrowest monthly range in five years.

Published in Dawn, August 21st, 2014