Gold Falls 1 Percent

London, June 03 (QNA) – Gold prices fell on Wednesday, weighed down by expectations of persistent inflation driven by the war in the Middle East.

Spot gold declined 1 percent to $4,440.99 an ounce.

US gold futures fell 1.2 percent to $4,466.90.

Among other precious metals, spot silver dropped 2.2 percent to $73.40 an ounce, platinum fell 3.5 percent to $1,868.58, and palladium slipped 3.5 percent to $1,321.97. (QNA)