Gold, silver, platinum and palladium prices fall as dollar strengthens
Precious metals, including gold, silver, platinum and palladium, declined today as a stronger US dollar weighed on global prices.
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Prices of gold and other precious metals declined during trading today, pressured by a stronger US dollar. The drop affected gold, silver, platinum, and palladium.
Spot gold fell 1.4% to $4,044.87 per ounce, while US gold futures for August delivery dropped 1.5% to $4,043.80 per ounce.
Other precious metals also retreated, with silver down 2.7% to $57.40 per ounce and platinum slipping 1% to $1,643.17 per ounce.
Palladium declined 2% to $1,278.25 per ounce, as the rising dollar continued to pressure precious metals markets.