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Gold slips

Gold slips

LONDON: Gold dipped on Wednesday as the dollar stre­ngthened, but prices re­­mained largely range-bound ahead of a speech by Federal Reserve Chair Janet Yellen this weekend which will be closely watched for further clues on US interest rate policy.

Spot gold was at $1,336.76 an ounce at 1416 GMT, down 0.8 per cent, while US gold futures for December delivery were down $16.30 an ounce at $1,329.80.

Spot silver was down 1.1pc at $18.81, off an earlier more than seven-week low of $18.53. China’s silver imports in July fell 36pc, customs data showed on Wednesday, while platinum imports were down by nearly half.

Published in Dawn, August 25th, 2016

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