Singapore, April 23 (QNA) - Gold prices dropped amid volatile trading Thursday, as rising oil prices heightened concerns about inflation and persistently high interest rates. Meanwhile, investors are awaiting clearer direction on the potential peace talks between the United States and Iran.
Spot gold fell 0.7 percent to $4,705.09 per ounce, while US gold futures for June delivery declined 0.6 percent to $4,722.10.
Among other precious metals, spot silver fell 1.4 percent to $76.64 per ounce, platinum lost 1.3 percent to $2,048.25, and palladium dropped 1 percent to $1,529.25. (QNA)