|Published : 23 Nov 2016, 13:29:30|
Gold steady, silver, platinum rise in Asian trade
Gold stuck to a narrow range in Asian trade on Wednesday ahead of release of minutes from the Federal Reserve policy meeting earlier this month.
Spot gold was unchanged at $1,212.45 an ounce by 0626 GMT. In the previous session, the metal eased 0.15 per cent, hurt by strong equities.
US gold futures rose 0.1 per cent to $1,212.40 per ounce.
Analysts cautioned that higher interest rates and a more positive sentiment in equity markets could weigh further on gold prices.
SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.42 per cent to 904.91 tonnes on Tuesday.
Holdings have dropped 4.0 per cent so far this month.
Spot gold looks neutral in a range of $1,204-$1,222 per ounce, and an escape could indicate a direction, according to an analysis.
Silver was up 0.2 per cent to $16.66 per ounce and platinum was 0.56 per cent higher at $942.20.
Palladium was down 0.14 per cent at $739.00, after touching its best since early June at $749.40 in the previous session, according to a news agency report.