Gold prices dipped on Wednesday as equity markets rallied on economic optimism and hopes for further stimulus measures boosted risk-on sentiment.
Spot gold was down 0.2% at $1,722.93 per ounce, as of 1252 GMT. U.S. gold futures fell 0.3% to $1,729.70.
SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings, rose 0.1%to 1,129.28 tonnes on Tuesday.
Palladium rose 1.4% to $1,976.30 per ounce, and platinum inched up 0.1% to $839.52, while silver fell 0.6% to $17.98.
Via Reuters
