LONDON: Gold retreated on Wednes­day from the previous day’s eight-week high as data showing the biggest pick-up in consumer prices in 2-1/2 years lifted the dollar and US Treasury yields.

Spot gold was down 0.2 per cent at $1,214.46 an ounce at 1450 GMT, while US gold futures for February delivery were $1.50 lower at $1,214.40.

Silver was up 0.3pc at $17.20 an ounce, while platinum was 0.4pc lower at $970.40 and palladium was down 0.1pc at $746.75.

Published in Dawn, January 19th, 2017