* U.S. housing starts rise, jobless claims fall more than
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* SPDR gold holdings have best one-day gain in nearly 2
* Indian gold buying seen supporting physical demand
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Gold rose on Wednesday, lifted to their highest in almost two weeks as investors fretted about the global economy and trade tensions, and as the European Central Bank and the U.S. Federal Reserve showed signs that monetary policy will remain accommodative.
Gold prices fell to their lowest in nearly two weeks on Wednesday, pressured by a mild revival in the dollar after comments from the U.S. Trade Representative dampened expectations of a quick resolution to the U.S.-China trade dispute.
Feb 26 Palladium broke past $1,550 an ounce for
the first time on Tuesday on the back of intensifying supply
deficit, while gold steadied after U.S. Federal Reserve Chairman
Jerome Powell reiterated the central bank's patient stance in
further rate hikes.
Palladium jumped above the $1,500 per ounce mark for the first time on Wednesday, propelled by a stark supply deficit, while gold steadied near a 10-month peak as doubts lingered over future rate hikes after the U.S. Federal Reserve released its minutes.
Feb 19 Palladium scaled a record peak to within
striking distance of the $1,500 level on Tuesday fuelled by a
sharp supply deficit, while gold climbed 1 percent to hit a
10-month high on a weaker dollar and global growth jitters.
* U.S., China face March 1 deadline for trade deal
Feb 4 Gold retreated to a near one-week low on
Monday as the dollar built on momentum from upbeat U.S. economic
data, denting bullion's appeal.