Singapore: Gold prices declined slightly today amid a stronger US dollar and uncertainty over ceasefire prospects between the United States and Iran, while remaining on track for a third consecutive weekly gain.
Spot gold fell by 0.1 percent to $4,759.54 per ounce, but is still up by 1.8 percent since the beginning of the week.
US gold futures for June delivery dropped by 0.7 percent to $4,782.70.
The dollar index rose, making gold more expensive for holders of other currencies.
Gold has declined by about 10 percent since late February, amid rising energy prices and inflation concerns, which have influenced expectations regarding interest rates.
Investors are awaiting the release of US Consumer Price Index data for March later today for further indications on monetary policy.
In other precious metals, silver rose by 0.9 percent to $75.74 per ounce, while platinum fell by 2 percent to $2,061.06 and palladium declined by 1.2 percent to $1,539.43.
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