Gold prices were flat on Tuesday, as
the dollar held firm at a three-week high hit in the previous
session and yields climbed higher offsetting hopes for peace
talks between Russia and Ukraine to be held this week.
* Spot gold was little changed at $1,925.71 per ounce
by 0126 GMT. U.S. gold futures were down 0.8% at
* The dollar index held firm near a three-week high hit in
the previous session, making gold more expensive for other
* U.S. benchmark 10-year note hovered close to near
three-year highs, higher yields increase the opportunity cost of
holding non-yielding bullion.
* Ukraine said its top objective at the first face-to-face
talks with Russia in over two weeks, due to take place in Turkey
on Tuesday, is to secure a ceasefire, although both it and the
United States were skeptical of a major breakthrough.
* China’s net gold imports through Hong Kong fell 13.7% to
their lowest level in nearly a year in February, official data
showed, as Lunar New Year holidays and high prices dented
* China’s financial hub of Shanghai reported a record 4,381
asymptomatic COVID-19 cases and 96 symptomatic cases for March
28, the city government said on its official WeChat account.
* Two gold industry associations are working with miners,
refiners, traders and shippers to create a database of gold bars
in an effort to prevent trade in counterfeit metal and allow
buyers of bullion to trace its origin, they said on Monday.
* Spot silver was up 0.3% to $24.92 per ounce and
platinum shed 0.1% to $983.50, while palladium
rose 0.4% to $2,243.71.
(Reporting by Asha Sistla in Bengaluru; Editing by Rashmi Aich)
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