Gold prices fell in Wednesday trading, coinciding with a slight rise in the dollar, as investors refrained from making major bets ahead of U.S. President Donald Trump’s expected Federal Reserve appointments.
Spot gold dropped by 0.2 percent to USD 3,371.98 per ounce, after hitting a two-week high on Tuesday. U.S. gold futures also slipped 0.1 percent to USD 3,428.50.
Among other metals, spot silver held steady at USD 37.82 per ounce. Platinum declined by 0.5 percent to USD 1,313.94, while palladium fell 1 percent to USD 1,164.15.
Source (CNBC Arabia Website, Edited)
