Gold Slips as Stronger Dollar and US-Iran Talks Boost Risk Appetite

Gold
Gold

Gold Falls 0.3% from Monthly Peak Amid Dollar Rebound

Singapore:  Gold prices edged lower today after touching a one-month high earlier in the session, as the US dollar regained strength and expectations of renewed US-Iran talks supported risk appetite.

Spot gold fell 0.3 percent to $4,828.07 per ounce after reaching its highest level since 18 March. US gold futures for June delivery remained stable at $4,851.30.

Despite the slight decline, gold is up 1.6 percent for the week, supported by optimism over possible diplomatic developments between Washington and Tehran.

Among other precious metals, spot silver rose 0.8 percent to $80.15 per ounce, platinum increased by 1.1 percent to $2,126.14, while palladium slipped 0.1 percent to $1,585.60.

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