LONDON: Gold prices rose on Wednesday, helped by a weaker dollar ahead of the release of minutes from the latest US Federal Reserve meeting that could hint at the pace of future interest rate rises.

Spot gold was up 0.4pc at $1,285.20 an ounce at 1316GMT, while US gold futures for December delivery were 0.2pc higher at $1,284.80 an ounce.

“Gold has been stuck in a range with an average price of $1,280 since early October but we are seeing some higher lows and higher highs, which indicates there is underlying support for the market,” Hansen said.

Silver was up 0.3pc at $17 an ounce. Platinum was flat at $933 an ounce and palladium was up 0.4pc at $1,002.75 after touching its highest since Nov 10.

Published in Dawn, November 23rd, 2017