Gold recovers from two-week low

Gold rose on Tuesday after hitting a two-week low earlier ‌in the session, as markets awaited key US inflation data.

Spot gold was up 0.3 per cent at $4,013.93 per ounce by 03:00 GMT, recovering from its lowest level since 1st July. US gold futures for August delivery gained 0.4 per cent at $4,020.80.

Spot silver inched 0.1 per cent lower to $57.60 per ounce, having earlier touched a two-week low.

Platinum fell 0.5 per cent to $1,597.52 and palladium rose 0.6 per cent to $1,254.82.

WAM

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