BENGALURU: Gold firmed near a two-week peak on Tuesday, as a slide in stock markets offset an uptick in the dollar, with the metal holding a tight range in light trade ahead of the US Thanksgiving holiday.

Spot gold rose 0.1 per cent to $1,225.56 per ounce at 1237 GMT, having earlier hit its highest since Nov 8 at $1,226.56.

US gold futures inched 0.1pc higher to $1,226.10.

Meanwhile, holdings at SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.16pc to 760.86 tonnes on Monday.

Among other precious metals, silver was flat at $14.42 an ounce, after hitting $14.48, its highest since Nov 8. Palladium slipped 0.6pc to $1,155.32 per ounce, while platinum fell 0.7pc to $847.49 per ounce.

Published in Dawn, November 21st, 2018