Gold, silver fall as dollar strengthens amid broad market sell-off
Gold and silver prices fell sharply in a broader market sell-off on Thursday, as an advance in the dollar to a near two-week high.Spot gold was down 1.7 per cent at $4,876.12 per ounce, as of 0402 GMT, retreating from a near one-week high hit earlier in the session.US gold futures for April delivery were down 1.1 per cent at $4,896.30 per ounce.The dollar rose to a near two-week high on Thursday, making greenback-priced gold more expensive for other currency holders.Spot silver plummeted 12.4 per cent to $77.09 an ounce. Last week, the precious metal touched a record high of $121.64.Spot platinum slumped 7.7 per cent to $2,056.64 per ounce after hitting an all-time high of $2,918.80 on 26th January, while palladium shed nearly 5 per cent to $1,689.25.WAM
Gold and silver prices fell sharply in a broader market sell-off on Thursday, as an advance in the dollar to a near two-week high.Spot gold was down 1.7 per cent at $4,876.12 per ounce, as of 0402 GMT, retreating from a near one-week high hit earlier in the session.US gold futures for April delivery were down 1.1 per cent at $4,896.30 per ounce.The dollar rose to a near two-week high on Thursday, making greenback-priced gold more expensive for other currency holders.Spot silver plummeted 12.4 per cent to $77.09 an ounce. Last week, the precious metal touched a record high of $121.64.Spot platinum slumped 7.7 per cent to $2,056.64 per ounce after hitting an all-time high of $2,918.80 on 26th January, while palladium shed nearly 5 per cent to $1,689.25.WAM
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