Singapore: Gold prices hit a more than four-week low yesterday. This comes as the US dollar firmed after stronger-than-expected jobs data fanned concerns that the Federal Reserve might keep hiking interest rates.
Spot gold was little changed at $1,865.88 per ounce. This occurred after hitting its lowest level since Jan. 6 earlier in the session.
US gold futures rose 0.2 percent to $1,879.40. The dollar index was 0.2 percent higher. This made gold less attractive for buyers holding other currencies.
Spot silver lost 0.5 percent to $22.24 per ounce, platinum eased 0.1 percent to $973.04. Meanwhile palladium slipped 0.5 percent to $1,616.54.
