LONDON: Gold fell on Wednesday, but remained stuck in a narrow trading range as investors worry about a simmering trade war between the United States and China.

Spot gold was down 0.3 per cent to $1,193.61 an ounce at 1200 GMT, after hitting its lowest since August 24 at $1,187.21 on Tuesday. US gold futures eased 0.3pc to $1,198.40 an ounce.

Central bank meetings in Turkey and Russia this week are also on investors’ radar, with particular market focus on whether Ankara will step in to fight inflation and a depreciating currency, Commerzbank’s Briesemann said.

Spot silver was down 0.2pc at $14.06 per ounce, having touched $13.90 in the previous session, its lowest since January 2016.

Published in Dawn, September 13th, 2018