Gold steady amid pullback in US dollar, Treasury yields

13/10/2021 Argaam

Gold price remained stable on Wednesday, underpinned by a slight pullback in the US dollar and Treasury yields.

 

Investors also awaited US inflation data to measure the Federal Reserve's path on normalizing policy.

 

Spot gold rose 0.1% to $1,760.91 per ounce, while US gold futures were up 0.1% at $1,761.10.

 

The US consumer price inflation data will be released at 1230 GMT, while the minutes from the Fed's Sept. 21-22 policy meeting will be published at 1800 GMT.

 

Spot silver rose 0.6% to $22.66 per ounce, platinum was flat at $1,007.56.

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