Bullion prices remained steady in Asian trade Wednesday while silver jumped and copper fell on concerns of high inflation as global economy recovers.
June delivery gold was seen trading at $926.63 an ounce at 11.00 a.m. in Singapore time from Tuesday’s close of $US926.70 on the New York Mercantile Exchange.
July silver jumped 29.5 cents to $14.1250 an ounce, while July copper futures slipped 0.25 cent to $2.0695 a pound.
Gold has climbed 4.3 percent this month and is up 15 percent from this year’s low of $802.59 an ounce on Jan. 15. Spot gold price set a record of $1,032.70 on March 17 last year.
Nine gold exchange-traded funds now hold 52.59 million ounces, or 0.24 million ounces below the record 52.83 million recorded April 15.
