Bengaluru — Gold prices were little changed on Wednesday as the dollar held steady ahead of a meeting between the US and European commission presidents to discuss trade-related issues. Spot gold was nearly unchanged at $1,223.97/oz at 3.33am GMT. US gold futures for August delivery were 0.1% lower at $1,223.90/oz. The dollar index, which measures the greenback against a basket of six major currencies, was little changed at 94.652. "It is extremely quiet and everyone is staying on the sidelines…. I think the market is still waiting for information on the trade war," said Dick Poon, general manager at Heraeus Metals Hong Kong. A meeting between US President Donald Trump and European commission president Jean-Claude Juncker is set to be held in Washington on Wednesday, where the two leaders will discuss trade-related issues.
This come after the US imposed tariffs on EU steel and aluminium in June and Trump threatened to extend them to EU cars and car parts. Meanwhile, investors a...
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