Gold prices were broadly unchanged on Wednesday, after falling more than 1% in the previous session, as the dollar held on to recent gains and made greenback-priced metals more expensive for overseas buyers.
Spot gold held its ground at $5,146.18 per ounce by 0054 GMT, after hitting a more than three-week high in the previous session. The metal had fallen more than 1% on Tuesday after touching that peak in early Asian trade.
U.S. gold futures for April delivery were down 0.2% at $5,165.10.
The U.S. dollar index rose 0.02%, extending a 0.14% gain from the previous session.
The United States began collecting a temporary new 10% global import tariff on Tuesday, but Washington was working to increase it to 15%, a White House official said, sowing confusion over U.S. President Donald Trump’s tariff policies after the Supreme Court defeat last week.
Two U.S. Federal Reserve officials signaled no near-term appetite to change the setting of central bank interest rate policy.
Markets currently expect three 25-basis-point rate cuts this year, according to CME’s FedWatch Tool.
Global shares rose after San Francisco-based startup Anthropic unveiled 10 new ways for business customers to use its AI plugins, which revived enthusiasm that AI would boost profits for businesses including in investment banking, human resources and engineering. [MKTS/GLOB]
In geopolitics, Iran and the U.S. are set to hold a third round of nuclear talks on Thursday in Geneva, Oman’s Foreign Minister Badr Albusaidi said.
Spot silver dipped 0.2% to $87.13 per ounce, after hitting a more than two-week high on Monday.
Spot platinum edged 0.1% higher to $2,169.59 per ounce, while palladium added 0.2% to $1,772.45.
