File Photo: Reuters.
New York: Gold prices rose on Wednesday after hitting its lowest in five weeks in the previous session, buoyed as equities fell and the dollar eased from one-month highs following a tumble in crude oil prices.
Spot gold was up 0.2% at $1,245.82 per ounce. US gold futures for August delivery climbed 0.3% to $1,246.7 per ounce.
Among other precious metals, silver gained 0.1% to $16.47 per ounce, hovering near a six-week low hit in the previous session.
Platinum slid 0.1% to $917.25 per ounce, while palladium was flat at $867.99 per ounce.
