Gold was stuck firmly below $1,300 an ounce on Wednesday after a three-day losing streak, as strong US housing data bolstered stock markets and dimmed bullion's appeal as a safe haven.
While keeping an eye on mounting geopolitical tensions, investors were also awaiting minutes of the Federal Reserve's July meeting for clues about the US central bank's monetary policy outlook.
While keeping an eye on mounting geopolitical tensions, investors were also awaiting minutes of the Federal Reserve's July meeting for clues about the US central bank's monetary policy outlook.
Spot gold was little changed at $1,295.68 an ounce by 0332 GMT, after dropping 1.3 per cent in the last three sessions. US gold was steady at $1,297.
Among other precious metals, platinum was holding up on Wednesday after a seven-day losing streak though it continued to trade near a two-month low.
Silver was also near a two-month low, while palladium was holding just below a 13-year high. Geopolitical tensions continued to support gold by keeping losses in check. SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 1.5 tonnes to 799.19 tonnes on Tuesday.
Among other precious metals, platinum was holding up on Wednesday after a seven-day losing streak though it continued to trade near a two-month low.
Silver was also near a two-month low, while palladium was holding just below a 13-year high. Geopolitical tensions continued to support gold by keeping losses in check. SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 1.5 tonnes to 799.19 tonnes on Tuesday.
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