Gold Dips Over Inflation Concerns
Singapore, May 04 (QNA) - Gold prices nudged lower in thin trade on Monday, weighed down by inflation worries that clouded the US monetary policy outlook, while markets awaited developments in US-Iran peace negotiations.
Spot gold was down 0.3% at $4,599.45 per ounce. US gold futures for June delivery fell 0.7% to $4,611.40.
Among other precious metals, spot silver rose 0.1% to $75.38 per ounce, platinum advanced 0.2% to $1,991.85, and palladium fell 0.3% to $1,519.66. (QNA)
Spot gold was down 0.3% at $4,599.45 per ounce. US gold futures for June delivery fell 0.7% to $4,611.40.
Among other precious metals, spot silver rose 0.1% to $75.38 per ounce, platinum advanced 0.2% to $1,991.85, and palladium fell 0.3% to $1,519.66. (QNA)
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