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LoginGold Prices Slip Slightly as Dollar Strengthens
New York, November 17 (QNA) - Gold prices edged lower Monday, pressured by a stronger US dollar and fading hopes of an interest rate cut next month.
Spot gold fell 0.2 percent to $4,070.43 an ounce, while US gold futures for December delivery dropped 0.5 percent to $4,072.30.
The dollar index, which measures the US currency against a basket of major peers, rose 0.14 percent to 99.46, making dollar-priced bullion more expensive for holders of other currencies.
Among other precious metals, silver gained 0.7 percent to $50.88 an ounce. Platinum slipped 0.2 percent to $1,538.09, while palladium fell 0.2 percent to $1,382.56. (QNA)
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