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Singapore, May 26 (QNA) – Gold prices declined in early Asian trading on Tuesday as investors weighed global economic signals and monitored movements in the US dollar ahead of further market developments.
Spot gold fell 0.7 percent to $4,537.54 per ounce by 02:18 GMT, while US gold futures for June delivery edged up 0.3 percent to $4,538.50 per ounce.
The mixed performance reflects continued caution in global markets, with traders closely watching economic indicators and expectations surrounding interest rate policies, which remain a key factor influencing demand for gold as a safe-haven asset.
Other precious metals also recorded losses during the session. Spot silver dropped 1.8 percent to $76.66 per ounce, while platinum declined 0.9 percent to $1,950.70.
Palladium also fell, losing 1.1 percent to trade at $1,382.42 per ounce.
Analysts said precious metals markets remain sensitive to uncertainty surrounding global economic growth and broader financial conditions, contributing to continued price volatility. (QNA)
