Dubai: Gold prices slid on Wednesday as investors booked profits after prices briefly climbed to a more than one-week high in earlier trade, as a stronger dollar weighed on sentiment across the precious metals complex ahead of key US jobs data due this week.
According to Emirates News Agency, spot gold fell 0.7 percent to US$4,466.19 per ounce, as of 0330 GMT. Bullion touched a record high of US$4,549.71 on 26th December. Meanwhile, US gold futures for February delivery declined 0.4 percent to $4,477.30.
Spot silver lost 1.2 percent to $80.34 per ounce, down from an all-time high of $83.62 on 29th December. Spot platinum dropped 2.9 percent to $2,373.0 per ounce, receding from a record high of $2,478.50 last Monday, while palladium traded 2.5 percent lower at $1,777.22 per ounce.
