An employee arranges gold bars at the YLG Bullion International Co headquarters in Bangkok. ― Bloomberg
BENGALURU: Gold inched higher on Wednesday in thin range-bound trading as lower U.S. Treasury yields boosted the bullion's appeal, keeping prices above the key level of $1,800 per ounce.
Spot gold was up 0.1% at $1,806.93 per ounce by 0620 GMT, hovering near the intraday low of the previous session when bullion scaled a one-month high on signs of rising inflation before reversing course due to a firmer dollar.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
