LONDON: Gold held steady on Thursday as opposition within Britain’s Conservative Party to a draft EU exit deal hit sterling and lifted the dollar, making bullion less attractive for holders of other currencies.

Spot gold, which rose 1 per cent in the previous session, was little changed at $1,211.19 per ounce at 1350GMT, while US gold futures were up 0.1pc at $1,211.60 per ounce.

Among other precious metals, silver was up 0.1 percent at $14.14 per ounce. The metal fell to $13.85 in the previous session, a level last seen on Jan 21, 2016. Platinum fell 0.7pc to $828.74 an ounce, while palladium was 0.2pc higher at $1,126.00 per ounce.

Published in Dawn, November 16th, 2018