Gold held near $1,100 a troy ounce on Thursday after hitting a record high in the previous session while oil prices dipped and base metals edged lower as commodity markets consolidated in cautious trading ahead of central bank decisions on interest rates in the UK and Eurozone.
Gold eased to $1,088.50 a troy ounce after hitting a record $1,095.40 a troy ounce on Wednesday following Tuesday’s news that India’s central bank had bought 200 tonnes of bullion from the International Monetary Fund.
