Gold prices bend up on
Wednesday as the dollar slink lower, while bankers attend the consequence of US
Federal Reserve's two-day meet for trace on nimble fiscal tightening, expecting
the first rate inflation of the year next in the day.
Spot gold was up 0.1 per cent at $1,311.72 per ounce, as of
0118 GMT. Prices hit a roughly three-week flat in the preceding hearing at
$1,306.91.
The world's financial
leaders rejected protectionism on Tuesday and urged "further
dialogue" on trade, but failed to diffuse the threat of a trade war days
before US metals tariffs take effect and Washington is to announce measures
against China.
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