Bengaluru — Gold prices were little changed on Wednesday, after slipping to a near six-month low in the previous session, amid a steady dollar and firmer equities.Spot gold held steady at $1,273.92/oz, as of 3.31am GMT. The metal fell to its lowest since December 22 at $1,270 on Tuesday.US gold futures for August delivery were, however, 0.2% lower at $1,276/oz.Gold prices generally gain momentum during times of uncertainty as it is considered a safe place to park assets.OCBC analyst Barnabas Gan said that gold was not doing its part as a safe-haven asset. The dollar-yen and even the US treasuries were playing that role rather than gold, said Gan.The dollar steadied against the yen on Wednesday, as US yields pulled back from lows hit on concern about a worsening trade feud between Washington and Beijing, although persistent worry about the trade rift is likely to cap any greenback recovery. China’s stock markets slumped on Wednesday, extending a rout from the previous day as the pr...
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