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Gold Falls 1 Percent

Economy

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New York, November 06 (QNA) - Gold prices fell 1 percent in trading today, as economic data lifted the dollar and treasury yields.

Spot gold slipped about 0.3 percent to $4,047.36 per ounce, after touching a session low of $4,033.29 per ounce earlier in the day.

Spot gold has gained 5.2 percent this week and is on track for its best weekly performance since late August. U.S. gold futures for December delivery fell 0.9 percent to $4,074.90.

Among other precious metals, spot silver rose 0.8 percent to $52.18 per ounce and platinum gained 1.6 percent to $1,541.42, while palladium fell 0.6 percent to $1,024.59. All three metals are nonetheless heading for weekly gains. (QNA)

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