Post by : Bianca Qureshi
Gold prices edged lower on Monday as the US dollar strengthened, following a strong gain in the previous session.
Spot gold fell 0.4% to $5,020.10 per ounce, after rising 2.5% in the prior session.
US gold futures for April delivery dropped 0.1% to $5,039.50 per ounce.
Spot silver declined 0.6% to $76.92 per ounce, after a 3% jump on Friday.
Spot platinum lost 0.4% to $2,054.35 per ounce.
Palladium bucked the trend, rising 0.4% to $1,692.23 per ounce.
Analysts say the recent dollar strength put pressure on precious metals, moderating gains after last week’s rally.
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