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Gold recovers

Gold recovers

LONDON: Gold rose on Wednesday, recovering from its lowest in nearly two weeks, as prospects for further economic stimulus helped to bolster investor appetite while the dollar remained flat.

Spot gold was up 0.7 per cent at $1,340.90 an ounce by 1417 GMT, having earlier touched $1,327.30, its lowest since July 1.

Bullion had fallen by 1.7pc on Tuesday, its biggest one-day drop since May 24. US gold rose 0.5pc to $1,341.50.

Palladium touched an eight-month high of $645 an ounce. Platinum rebounded 0.1pc to $1,087.50. Silver, meanwhile, gained 0.7pc to $20.27.

Courtesy : Dawn News



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