Gold steady

Gold steady

LONDON: Gold steadied on Monday as the dollar fell and European shares dipped following the failure by oil producers to agree an output freeze, which sent crude prices tumbling.

Spot gold was up 0.1 per cent at $1,233.65 by 1413 GMT, rebounding after a 0.5pc loss last week.

Gold prices have steadied after posting their biggest quarterly rise in nearly 30 years in the three months to the end of March on reduced expectations that the US Federal Reserve will push ahead with several rate rises this year.

Silver was down 0.1pc at $16.20 an ounce, while platinum fell 1pc to $972.70 and palladium was unchanged at $563.99.

Source: http://www.dawn.com/news/1252942/gold-steady

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