LONDON: Gold eased on Wednesday as the dollar steadied on expectations the Federal Reserve will deliver no significant changes later in the day to its policy outlook, though global economic concerns might push back the timing of a rate rise.

Spot gold was down 0.4 per cent at $1,287.20 an ounce by 1507 GMT, trading in an $8 range. It hit a five-month high of $1,306.20 last week, before retreating on stronger risk appetite after the European Central Bank announced liquidity measures.

Published in Dawn, January 29th, 2015

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