Gold slips from record levels as dollar holds ground

Singapore, May 21 (BNA): Gold prices eased on Tuesday as the dollar firmed, with the metal backing away from a record peak hit in the previous session on bullish factors such as growing U.S. rate cut bets and geopolitical risks driving safe-haven demand.

Spot gold was down 0.5% at $2,413.69 per ounce, as of 0538 GMT, after hitting a record high of $2440.49 on Monday, Reuters reported.

U.S. gold futures fell 0.9% at $2,417.10.

Spot silver fell 1.4% to $31.38 an ounce after hitting a more than 11-year high in the last session.

Platinum lost 0.9% to $1,036.95, after hitting its highest since May 12, 2023, on Monday Palladium dropped 1.9% to $1,007.75.






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