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London, June 09 (QNA) – Gold prices fell on Tuesday, weighed down by a broad sell-off and growing expectations of US interest rate hikes later this year, while investor focus shifted to key inflation data due later this week.
Spot gold fell 0.7 percent to $4,298.75 an ounce, after dropping more than 1 percent earlier in the session.
US gold futures for August delivery fell 0.9 percent to $4,323.90.
Among other precious metals, spot silver plunged 3.2 percent to $65.98 an ounce, platinum slid 1.1 percent to $1,736.08, and palladium fell 2.5 percent to $1,234.93. (QNA)
