The price of gold edged up Wednesday morning after the euro recovered from its early morning losses versus the greenback.
Gold for April delivery was up $4.3 to $1,126.60 an ounce, snapping its two-day downtrend. Yesterday, gold was under pressure after China said it will be more prudent in adding gold to its reserves.
Meanwhile, the greenback was moving higher versus the British pound.
Elsewhere, the prices of silver and platinum were also edging up in morning deals, after having dipped in the previous session.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.