(MENAFN- Khaleej Times) Gold swung between gains and losses in London as investors weighed the US Federal Reserve's next move on stimulus and physical demand for the metal.
Bullion dropped 1.2 per cent yesterday as US retail sales climbed for a fourth month and India raised duties on gold imports for a third time this year.
Prices had gained 1.8 per cent on August 12, capping a four-day rally. Gold for immediate delivery added 0.3 per cent to $1,325.73 an ounce by 10:01 am in London. Prices gained and fell as much as 0.4 per cent. Bullion for December delivery was up 0.2 per cent at $1,323.10 on the Comex in New York. Futures trading volume was 33 per cent below the average for the past 100 days for this time of day, data compiled by Bloomberg showed.
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