Gold slightly stronger on prospect of higher inflation
Metal hovers close to its highest in more than two weeks, but trade is range-bound as investors exercise caution ahead of Fed meeting
17 March 2021 - 08:44
Bengaluru — Gold prices edged up on Wednesday to hover near their highest in more than two weeks on the prospect of higher inflation, though trade was range-bound as investors exercised caution ahead of the US Federal Reserve’s two-day policy meeting outcome.
Spot gold was up 0.2% at $1,734.00/oz by 3.10am GMT, having touched a high of $1,740.90 since March 1. US gold futures were up 0.1% to $1,731.90...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.