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[size=30]Gold prices fell as the dollar rose from its lows[/size]
09/03/2018 10:01 | Number of readings: 1
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[rtl]Trend Press / Agencies[/rtl]
[rtl]Gold prices fell on Thursday as the dollar climbed from a three-week low against the euro after ECB President Mario Draghi indicated that any normalization of monetary policy in the euro area would be slow.[/rtl]
[rtl]The euro gave up its initial gains against the greenback after Draghi said the ECB's monetary policy would remain "interactive" and that core inflation measures remained lukewarm.[/rtl]
[rtl]Gold fell 0.37 percent to $ 1320.58 an ounce in late US trading after jumping to a one-week high of $ 1340.42 an ounce.[/rtl]
[rtl]US gold futures for April delivery fell 0.4 percent to settle at $ 1321.70 an ounce.[/rtl]
[rtl]Investors are looking for more details on customs duties on steel and aluminum imports proposed by US President Donald Trump.[/rtl]
[rtl]An informed source said Trump would later sign a decree imposing tariffs.[/rtl]
[rtl]Among other precious metals, spot silver fell 0.28 percent to $ 16.45 an ounce, while platinum fell 0.2 percent to $ 950.40 an ounce after hitting its lowest level since January 4 at $ 941..[/rtl]
[rtl]Palladium rose 0.4 percent to $ 972.50 an ounce after plummeting Wednesday to its lowest level since Feb. 9 at $ 961.55.[/rtl]
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