Beijing: Gold prices held steady in early Asian trade on Wednesday, as investors stayed on the sidelines ahead of a key US-China summit in Beijing, while keeping an eye on developments surrounding the Middle East conflict. Spot gold was steady at $4,713.39 per ounce, while US gold futures for June delivery gained 0.7% to $4,721.80.

According to Qatar News Agency, other precious metals showed mixed movements. Spot silver rose 1% to $87.40 per ounce, while platinum experienced a slight decline of 0.1% to $2,124.70. Meanwhile, palladium prices saw a rise of 0.4%, reaching $1,497 per ounce.