Gold prices rise for 2nd day amid safe-haven demand

Gold prices increased for the second consecutive day on Wednesday, supported by safe-haven demand while investors awaited more information on US President Donald Trump‘s trade strategies.

As of 12:35 PM GMT, spot gold edged up 0.25 per cent to $3,027.54 per ounce, higher than its previous close of $3,020.03. Meanwhile, US gold futures fell 0.23 per cent to $3,061.29 per ounce, down from Tuesday’s closing price of $3,054.3.

Attribution: Amwal Al Ghad English, Reuters

Subediting: Y.Yasser