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.

 

 

 

H.H

 







#Gold #slips #record #levels #dollar #holds #ground

Source link

READ MORE  DANAT participates in International Valuation Conference

Leave a Comment