Gold prices steadied after touching a six-month peak on Tuesday, as expectations of an end to the US Federal Reserve’s interest rate hike cycle kept the dollar and bond yields under check.
Spot gold rose 0.1% to $2015.33 per ounce, after hitting its highest since May 16. US gold futures for December delivery rose 0.2% higher to $2,015.70 per ounce.
The dollar index hovered near its lowest since late August against its rivals, making gold less expensive for other currency holders. Yields on 10-year Treasury notes hovered near two-month lows of 4.3630%.
Spot silver was steady at $24.62 per ounce, platinum was up 0.3% to $921.49 and palladium fell 0.6% to $1,064.15 per ounce.
source: qna.org.qa