Gold gains as dollar slips

Gold gains as dollar slips

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BENGALURU: Gold steadied on Wednesday as the dollar slipped from a two-month peak on hopes of a trade deal between the United States and China, with the metal’s gains capped by rising global stock markets.

Spot gold was up 0.1% at $1,311.65 per ounce, as of 1108 GMT, while US gold futures gained 0.1% to $1,314.60 an ounce.

In other precious metals, spot palladium rose 0.3% to $1,407.50 per ounce. Platinum dropped 0.2% to $785, while silver slipped 0.3% to $15.65.

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