RIYADH: Gold found temporary respite on Wednesday after touching a near seven-month low in the previous session, as the dollar paused for breath after a blistering surge to 20-year highs.
Spot gold rose 0.3 percent to $1,770.27 per ounce by 0330 GMT.
US gold futures also firmed 0.3 percent to $1,769.10.
Silver drops
Spot silver dipped 0.1 percent to $19.27 per ounce, while platinum was down 0.7 percent at $859.52.
Palladium slipped 0.2 percent to $1,929.35.
Grains fall
Chicago corn futures lost more ground on Wednesday, with prices trading near a multi-month low reached in the previous session on worries around a global recession.
Wheat eased, while soybeans ticked higher.
The most-active corn contract on the Chicago Board of Trade lost 0.8 percent to $5.73-3/4 a bushel as of 0252 GMT, while wheat gave up 0.6 percent to $8.02-1/2 a bushel.
Soybeans added 0.3 percent to 13.19-1/4 a bushel.
Copper dips
Copper prices fell on Wednesday to their lowest since November 2020, weighed down by a robust US dollar and threats to demand from heightened fears of a global recession and renewed lockdowns in top consumer China.
Three-month copper on the London Metal Exchange was down 2.5 percent at $7,483 a ton, as of 0440 GMT, its lowest since November 27, 2020.
The most-traded August copper contract in Shanghai dropped 5.5 percent to $8,582.76 a ton by the midday break.
(With inputs from Reuters)
