SINGAPORE – The price of gold in spot trading declined 1.4 percent to $4,762.09 per ounce after briefly touching its lowest level since April 13 earlier in the session. US gold futures for June delivery also fell 2 percent to $4,781.90.
The dollar index rose, increasing the cost of gold – priced in US dollars – for holders of other currencies.
Among other precious metals, silver dropped 1.7 percent to $79.42 per ounce in spot trading, platinum declined 0.8 percent to $2,086, and palladium fell 0.8 percent to $1,547.10.
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