Gold Drops 1% as Markets Assess Middle East De-escalation Signs

Singapore, March 26 (QNA) – Gold ‌prices fell on Thursday after a two-session rally, as investors awaited clearer signs of progress in efforts to reduce tensions in the Middle East, with caution still prevailing in the markets.

Spot gold ​fell 1% to $4,476.51 per ounce, while US gold futures for April ​delivery lost 2.1% to $4,457. 

Spot silver fell 1.9% to $69.90 per ounce. Spot platinum was down 1.4% at $1,893.60, while palladium dropped ​2% to $1,394.83. (QNA)