Gold prices hold steady

Gold prices remained stable on Wednesday as investors awaited a key US inflation report, while ongoing concerns over President Donald Trump’s tariff policies provided additional support for the precious metal.

As of 12:58 PM GMT, spot gold edged up 0.09 per cent to $2,918.46 per ounce, compared to its previous close of $2,915.70. Meanwhile, US gold futures rose 0.12 per cent to $2,924.31 per ounce, up from Tuesday’s closing price of $2,920.90.

Market participants are closely monitoring inflation data, which could influence the US Federal Reserve’s monetary policy stance and impact gold’s appeal as a safe-haven asset.

Attribution: Amwal Al Ghad English, Reuters

Subediting: Y.Yasser