Gold prices held ground on Wednesday on a weaker dollar amid uncertainties around the timing of a rate hike by the Federal Reserve and upcoming US presidential election. Spot gold was firm at $1,262.00 an ounce at 0731 GMT. In the previous session, the precious metal touched $1,264.78, its highest since October 10. US gold futures was broadly unchanged at $1,262.8 an ounce. Recent support for gold prices has had to do with the demand mostly from China and emerging markets, said Richard Xu, a fund manager at HuaAn Gold, China's top gold exchange-traded fund. "If ...
Gold steady as Fed rate hike concerns weigh on dollar
US gold futures was broadly unchanged at $1,262.8 an ounce
Reuters Last Updated at October 19, 2016 15:38 IST