Gold prices rose in trading on Wednesday, as investors bought back the metal after the previous session's decline. Easing trade tensions between the US and the European Union limited the rally, while the market awaits key US data to assess the path of interest rates.
Spot gold rose 0.15 percent to $3,304.89 per ounce, partially recovering from a 1 percent loss in the previous session. Meanwhile, US gold futures were steady at $3,299.30.
US President Donald Trump backed down from his threat to impose 50 percent tariffs on the European Union, postponing implementation until July 9 to allow for negotiations with the 27-member bloc.
Source (CNBC Arabia Website, Edited)
