 "gold")
Gold prices edged higher on Wednesday as rising Omicron variant coronavirus cases helped its safe-haven appeal, but trading was range-bound as investors awaited the minutes of the US Federal Reserve's latest policy meeting as rate hike bets grow.
Spot gold was up 0.32 per cent at $1,820.41 per ounce by 1132 GMT, with US gold futures rising 0.3 per cent to $1,820.40.
"Supporting gold is the very high number of Covid cases that feeds into the gold safe-haven appeal," Ricardo Evangelista, senior analyst at ActivTrades, said.
“The factor offering gold some resistance is the strength of the
Spot gold was up 0.32 per cent at $1,820.41 per ounce by 1132 GMT, with US gold futures rising 0.3 per cent to $1,820.40.
"Supporting gold is the very high number of Covid cases that feeds into the gold safe-haven appeal," Ricardo Evangelista, senior analyst at ActivTrades, said.
“The factor offering gold some resistance is the strength of the
Disclaimer: No Business Standard Journalist was involved in creation of this content
