Gold rises

Latest Update: August 24, 2016 | 150 Views

LONDON: Gold edged higher on Tuesday as markets shifted focus from hawkish comments by a Federal Reserve official at the weekend to a meeting of global central bankers this week, awaiting further guidance on US interest rates.

Spot gold rose 0.3 per cent to $1,342.06 an ounce by 1437 GMT, having hit a two-week low of $1,331.35 in the previous session. US gold was flat at $1,344.

Spot silver increased 0.95pc at $19.04 an ounce, having fallen by more than 2pc to its lowest in more than seven weeks on Monday. Platinum edged 0.76pc higher to $1,107.30, while palladium gained 0.59pc to $694.15.



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