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gold rate today: Gold eases as US dollar ticks up, pub-9809009992858082, DIRECT, f08c47fec0942fa0
Gold prices eased on Wednesday pressured by an uptick in the US dollar, having risen 2% in the previous session following China’s decision to further ease COVID-19 restrictions.

* Spot gold was down 0.2% to $1,809.58 per ounce as of 0037 GMT. US gold futures fell 0.3% to $1,818.50.

* The dollar index edged up 0.1%, making greenback-priced gold more expensive for overseas buyers.

* Bullion prices jumped to their highest level in six months on Tuesday on optimism surrounding decisions by top consumer China to further ease COVID-19 restrictions.

* SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings rose 0.6% to 918.51 tonnes on Tuesday.

* The price of gold in Egypt has risen to unprecedented highs as nervous savers seek refuge from a weakening currency and some companies export bullion to raise scarce dollars to fund imports, according to industry experts.

* Spot silver lost 0.4% to $23.95, platinum slipped 0.5% to $1,015.17 and palladium fell 0.5% to $1,821.28. * Japanese factories slashed output for a third consecutive month in November, dragged down by weak request for machinery products amid a deteriorating global economic outlook.

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