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Singapore, July 06 (QNA) – Gold prices declined today after touching their highest level in two weeks, pressured by a stronger US dollar. However, losses remained limited amid signs of a slowdown in the US labor market, which eased expectations of further increases in US interest rates.
Spot gold fell 0.8 percent to $4,143.12 per ounce after earlier reaching its highest level since June 22.
The US dollar strengthened 0.2 percent, making dollar-denominated gold more expensive for holders of other currencies.
Among other precious metals, spot silver fell 1.2 percent to $61.63 per ounce after earlier reaching its highest level since June 23.
Platinum declined 0.7 percent to $1,626.10 per ounce, while palladium fell 0.8 percent to $1,264.16 per ounce. (QNA)
