SINGAPORE: “Gold added to overnight gains on Wednesday as Asian shares retreated, but investors remained cautious,” agencies reported.
As per details, the US-led strikes against militants in Syria failed to sustain the gold prices in international market, even the precious metal is traditionally seen as a safer bet during times of political uncertainty.
Moreover, the tensions in Syria, however, curbed appetite for risk assets, sending Asian shares lower.
Metal Last Change Pct chg
Spot gold 1224.85 2.16 0.18
Spot silver 17.83 0.09 0.51
Spot platinum 1331.4 7 0.53
Spot palladium 818.75 6.75 0.83
Comex gold 1225.6 3.6 0.29
Comex silver 17.85 0.071 0.4
The above table shows that the spot gold edged up 0.2 percent to $1,216.90 an ounce by 0617 GMT after dropping for two straight days.