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Singapore, February 20 (QNA) – Gold prices edged lower on Friday as the US dollar strengthened to its highest level in nearly a month, while investors remained cautious ahead of upcoming US inflation data expected to provide further signals on the Federal Reserve’s monetary policy trajectory.
Spot gold slipped 0.1% to $4,995.91 per ounce, while US gold futures for April delivery rose 0.3% to $5,013.60 per ounce.
In other precious metals, spot silver declined 0.1% to $78.29 per ounce, platinum fell 0.3% to $2,064.27, and palladium dropped 0.5% to $1,677.19 per ounce. (QNA)
