Gold at $1312 on Soft U.S. Dollar

Gold was little changed on Wednesday as a weaker dollar and safe-haven bids triggered by simmering tensions in Ukraine offset the influence of weak physical demand.

Spot gold was trading nearly flat at $1,308.21 an ounce by 0027 GMT, after slipping 0.2 percent on Tuesday. Before that, the metal had gained about 2 percent in as many sessions.

Tuesday was generally quieter than past days in most of eastern and southern Ukraine, but violence flared at dusk in the eastern port of Mariupol, where a spokesman for pro-Moscow militants told Russia’s Itar-Tass news agency that one person was killed and three wounded in an attack on a checkpoint.

CNBC

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