SINGAPORE – Investors are also awaiting greater clarity on the potential path of peace talks between the United States and Iran.
In spot trading, gold dropped 0.7 percent to $4,705.09 per ounce. U.S. gold futures for June delivery also declined, falling 0.6 percent to $4,722.10 per ounce.
Other precious metals followed a similar downward trend. Silver fell 1.4 percent to $76.64 per ounce in spot trading, while platinum lost 1.3 percent to $2,048.25 per ounce. Palladium also declined, dropping 1 percent to $1,529.25 per ounce.
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