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Goldplat plc

Gold prices steady as Fed comments boost dollar

Gold prices steadied on Wednesday after hitting their lowest in nearly two weeks in the previous session, with the U.S. dollar firm as a senior Federal Reserve official reaffirmed the need for further rate increases.

FUNDAMENTALS

* Spot gold was steady at $1,214.71 per ounce at 0134 GMT. Prices fell to their lowest since Nov. 15 at $1,211.36 per ounce on Tuesday.

* U.S. gold futures were little changed at $1,214 per ounce.

 

Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana. The Company also has a small gold mining and exploration portfolio in Kenya, Ghana and Burkina Faso.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.