Singapore - Saba:
Gold prices fell on Wednesday, under pressure from rising US Treasury yields and a rising dollar, after data indicated that the Federal Reserve "the US central bank" may slow the pace of interest rate cuts this year.
Gold prices fell on Wednesday, under pressure from rising US Treasury yields and a rising dollar, after data indicated that the Federal Reserve "the US central bank" may slow the pace of interest rate cuts this year.
The price of gold in spot transactions fell 0.1 percent to $2648.16 per ounce.
US gold futures fell 0.1 percent to $2662.30.
As for other precious metals, silver rose in spot transactions 0.3 percent to $30.11 per ounce, platinum fell 0.5 percent to $946.11, and palladium fell 0.2 percent to $923.87.