New york: Gold recovered earlier losses to edge higher on Wednesday after US producer prices fell in June, easing inflation concerns and supporting demand for the precious metal. Spot gold was little changed at $4,057.34 an ounce after falling nearly 1% earlier in the session. US gold futures for August delivery slipped 0.4% to $4,051.80 an ounce.
According to Qatar News Agency, among other precious metals, spot silver fell 1.8% to $57.55 an ounce, while platinum rose 0.9% to $1,646.47. Palladium declined 0.9% to $1,293.58 an ounce.