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Gold prices held back by strong dollar headwinds

from The Bullion Desk

Precious metals are holding their ground with gold and silver prices either side of unchanged, with spot gold at $1,235.10 per ounce, while palladium is up 0.6 percent and platinum is up 0.2 percent. This follows on from Tuesday’s general weakness that saw silver prices fall 0.5 percent, gold and silver prices closed down 0.2 percent, although palladium bucked the trend with a 0.6 percent gain. At one stage on Tuesday the precious metals were all looking decidedly weaker, but worse-than-expected U.S. data prompted a reversal. more

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