Singapore: Gold and silver prices edged higher on Wednesday as US Treasury yields declined following data showing a stall in December retail sales growth, signaling a potential economic softening ahead of key labor market data.
Spot gold rose 0.3% to $5,038.73 per ounce, while US gold futures for April delivery gained 0.6% to $5,060.60 per ounce.
Spot silver also advanced 1% to $81.49 per ounce, recovering after a decline of more than 3% in the previous session.
Spot platinum added 0.6% to $2,098.78 per ounce, while palladium rose 0.2% to $1,712.25.
