LONDON: Gold recovered from a two-week low on Wednesday as speculators locked in profit from recent losses, but some analysts expect further weakness due to easing political risks.

Spot gold was flat at $1,263.30 by 1400 GMT. Earlier in the session prices hit 1,260.90, their weakest since April 11. US gold futures edged down 0.2 per cent to $1,264.90. Gold has shed about 3pc since touching a five-month peak on April 17.

Platinum fell 0.7pc to $946.60, while palladium rose 0.3pc to $802.60.

Palladium has held up better than other precious metals in recent days.

Published in Dawn, April 27th, 2017