Doha: Gold prices edged lower on Wednesday as softening trade tension between the US and China weakened safe-haven demand, while markets eyed another set of inflation data to assess the Federal Reserve's policy path.
According to Qatar News Agency, spot gold fell 0.1% to $3,246.21 an ounce. Meanwhile, US gold futures saw a slight rise of 0.1% to $3,250.50.
In other precious metals, spot silver eased by 0.3% to $32.80 an ounce. Platinum experienced a 0.1% decline, bringing its price to $987.55, and palladium saw a more substantial drop of 0.8%, with its price settling at $949.26.