NEW YORK: Gold inched lower on Wednesday as investors awaited cues on tapering from the US Federal Reserve’s July meeting minutes and a firm dollar limited any safe haven inflows into bullion in response to the spread of the Delta coronavirus variant.
Spot gold fell 0.3% to $1,781.52 per ounce by 1:44 pm EDT (1744 GMT), after hitting its highest since Aug. 6 at $1,795.25 on Tuesday. US gold futures settled down 0.2% at $1,784.4 per ounce.
“Concerns about the Delta variants spreading across the globe is obviously a little bit of a driver for gold.
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