Gold steady on weaker dollar

Gold steadied on Wednesday, buoyed by a weaker dollar and a slight pullback in U.S. bond yields, while investors awaited more details from Russia-Ukraine talks in Turkey.

Spot gold was nearly flat at $1,918.62 per ounce at 0947 GMT. U.S. gold futures rose 0.3% to $1,923.10.

“The war premium seems to be eroding out of the gold price to some extent,” independent analyst Ross Norman said, adding gold’s strong bounce off $1,890 was encouraging.

KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.

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