|Published : 20 Apr 2017, 14:25:10|
Gold hold steady on safe-haven demand
Gold prices held firm on Thursday after falling as much as 1.0 per cent the previous day, with tensions surrounding geopolitical tension driving safe-haven demand.
Spot gold was mostly unchanged at $1,278.74 per ounce at 0756 GMT. The yellow metal fell 0.8 per cent on Wednesday in its worst one-day drop in over a month.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 1.39 per cent on Wednesday, their biggest one day gain since early September 2016.
Holdings climbed nearly 12 tonnes from Tuesday to 860.76 tonnes.
Meanwhile, spot silver gained 0.4 per cent to $18.15 an ounce.
Platinum was 0.2 per cent higher at $964.74, while palladium rose about 1.0 per cent at $782.97, according to Reuters.