Post by : Bianca Haleem
Gold prices fell on Thursday after surging over 2 percent in the previous session, pressured by a stronger US dollar.
Spot gold dropped 0.4 percent to $4,961.57 per ounce by 01:12 GMT, following a 2.1 percent rise in the prior session. US gold futures for April delivery were down 0.6 percent, trading at $4,981.
Silver prices also declined, easing 0.5 percent to $76.83 per ounce after a sharp 5 percent drop on Wednesday.
Among other precious metals, spot platinum edged down 0.1 percent to $2,069.35 per ounce, while palladium fell 0.5 percent to $1,707.53.
The movement reflects market reactions to the stronger US dollar, which continues to influence global precious metals trading.
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