Gold prices held steady on Wednesday, finding support from a weaker dollar. This made gold more attractive to investors holding other currencies.
Spot gold was nearly unchanged at $1,159.10 per ounce. U.S. gold futures edged up 0.2 percent to $1,159.90 per ounce.
The dollar index, which measures the greenback against a basket of six major currencies, was down 0.4 percent at 102.860.
A weaker dollar typically boosts demand for gold, as it becomes less expensive for holders of other currencies.
Other precious metals also saw activity:
- Silver rose 0.4 percent to $16.31 per ounce.
- Platinum was up 0.6 percent at $942.60.
- Palladium gained 1.2 percent to $684.25.
