Bengaluru: Gold prices inched up on Wednesday from a one-week low with the dollar holding steady, but speculation that President Donald Trump might pick a policy hawk to lead the U.S. Federal Reserve weighed on the metal.
Spot gold was up 0.1 percent to $1,286.10 an ounce at 0053 GMT. It hit a one-week low of $1,281.31 in the previous session.
U.S. gold futures for December delivery rose 0.2 percent at $1,288.3 per ounce. The dollar index , which measures the greenback against a basket of currencies, was little changed at 93.449 after gaining for four straight days.
Asian shares consolidated recent gains and currencies kept to tight ranges on Wednesday as investors waited to see what policies might emerge from China´s Communist Party conference.
A trader can be seen at the Pakistan Stock Exchange building in Karachi. — PPI/FilesKARACHI The Pakistan Stock...
Engro Fertilizers Limited plant can be seen in this undated image. — LinkedIn/Engro Fertilizers Limited KARACHI:...
A representational image of a chemist looking for medicines in his store. — AFP/FileLAHORE: The Pakistan...
This image shows the SRB logo on a wall inside the building. — Facebook/Sindh Revenue Board, Government of...
This image shows the Logo of UBL at the building. — Facebook/UBL - United Bank Ltd/FileKARACHI: United Bank Limited...
IMF headquarters in Washington. — AFP/FileWASHINGTON: The International Monetary Fund urged countries on Wednesday...
