Commodities Update — Gold slightly down; Wheat slips, corn up; Demand optimism rises Copper

RIYADH: Gold prices edged lower on Wednesday as an uptick in the dollar and Treasury yields limited bullion’s appeal, with investors looking ahead to US inflation data for more direction on interest rates.

Spot gold was down 0.2 percent at $1,848.75 per ounce, as of 0302 GMT, while US gold futures were flat at $1,851.20.

Palladium up

Platinum dipped 0.1 percent to $1,009.85 an ounce while palladium rose 0.8 percent to $2,000.19. 

Silver eased 0.3 percent to $22.14.

Corn gains