Mumbai, Dec. 19 -- Gold saw some selling pressure amid tepid US inflation data yesterday. Russia says it is preparing for contact with the US ahead of renewed talks on a possible peace settlement to end the conflict in Ukraine. US and Russian officials are expected to meet in Miami this weekend. The yellow metal had zoomed near a six-week high following a 1% spike on Wednesday but flipped back as focus shifted to the US inflation data. A mild uptick in the US dollar index from two-month low also weighed on the yellow metal. It currently quotes down half a percent at $4343 per ounce.
Published by HT Digital Content Services with permission from Capital Market....