Economy
Commodities Update — Gold edges up; Corn at 6-week high, Wheat climbs; Base metals climb on supply concerns
Follow-ups -eshrag News:
Tue, 2022-08-23 11:09
RIYADH: Gold prices edged higher on Tuesday as the dollar pulled back slightly, but mounting worries over aggressive US rate hikes to control soaring inflation kept bullion near a one-month low.
Spot gold was up 0.2 percent at $1,738.79 per ounce, as of 0325 GMT, after hitting its lowest since July 27 at $1,727.01 on Monday.
US gold futures gained 0.1 percent to $1,750.50.
Silver falls
Spot silver fell 0.2 percent to $18.97 per ounce, while platinum was steady at $875.81.
Palladium climbed 1.4 percent to $2,023.20.
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