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Gold dips

Gold dips

LONDON: Gold fell on Thursday after posting its biggest one-day gain in two weeks the day before, as hints of further stimulus from the European Central Bank hurt the euro and a rebound in European equities curbed risk aversion.

Spot gold was down 0.4 per cent at $1,096.10 an ounce at 1434 GMT, while US gold futures for February delivery were down $9.90 an ounce at $1,096.30.

Platinum was down 0.9pc at $810.74 an ounce, after earlier falling to a seven-year low at $807.89. Palladium was up 0.6pc at $495.40 an ounce and silver was down 1.5pc at $13.94.

Published in Dawn, January 22nd, 2016

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