LONDON: Gold steadied on Wednesday as a firmer tone to the dollar held gains in check, though silver rose back towards an earlier 11-month peak, boosted by technical momentum and perceptions it is undervalued versus gold.
Silver prices have climbed nearly 10 per cent so far this month.
Spot gold was at $1,251.65 an ounce at 1340 GMT, little changed from the previous session but off a one-week high of $1,258.00 touched overnight. US gold futures for April delivery were down 40 cents an ounce at $1,253.90.
Silver was up 1pc to $17.10 an ounce, having earlier hit its highest since May 2015 at $17.23.
Courtesy : Dawn News