Wednesday, 27 February 2019

Gold Steady Amid Subdued Dollar After Fed Comments, Palladium Above $1,550

Gold prices were steady on Wednesday as the dollar stood near a three-week low after the Federal Reserve's chairman reiterated the US central bank would stay patient on further interest rate hikes, while palladium hovered near a record-peak. 

Spot gold was flat at $1,328.90 per ounce at 0152 GMT, while US gold futures were up 0.2 per cent at $1,331.20. 

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