Gold prices held steady above the key $1,600 mark on Wednesday as an uptick inequity due to a drop in new virus cases was kept in check by fears about the economic fallout of the epidemic.
Spot gold was little changed at $1,602.77 per ounce. In the previous session, bullion prices surged 1.3% to their highest since Jan. 8 at $1,605.10. U.S. gold futures were up 0.1% to $1,604.80.
The U.S. dollar also considered a safe-haven during times of economic and political uncertainties, stayed above the more than four-month high against key rivals.
Silver was up 0.4% to $18.24, having earlier touched a three-week peak at $18.26. Platinum also hit its highest in three weeks earlier in the session, at $1,001.67, and was up 0.8% to $1,000.02.
15 Jul 2020 04:54 PM
Indian shares pared nearly all gains on Wednesday, as Reliance Industries weighed on indexes after it failed to meet investor expectations at its annual general meeting, while a surge in IT stocks capped losses.
15 Jul 2020 03:22 PM
The Indian rupee logged its best day against the dollar in nearly two weeks
15 Jul 2020 12:23 PM
Indian shares jumped over 1.5% on Wednesday as upbeat results for IT outsourcer Wipro and signs of new foreign investment inflows countered fears about the surge in domestic coronavirus cases.
15 Jul 2020 11:15 AM
China's yuan firmed on Wednesday on dollar weakness overnight and a stronger fixing
15 Jul 2020 10:46 AM
Gold prices edged higher on Wednesday, holding firm above the psychological $1,800 level, as worries over surging coronavirus cases and simmering U.S.-China tensions boosted demand for the safe-haven metal.
15 Jul 2020 10:33 AM
The Indian rupee was at 75.3000/75.3100 to the dollar against 75.4150/75.4250 in the previous session