Gold continued its decline, affected by the recovery of the US dollar and the increasing possibility of raising interest rates, after the precious metal fell below $4,000 per ounce for the first time since November.
Gold fell by up to 0.9%, approaching $3,964 per ounce, after a loss of about 3% in the previous session.
The pressure on gold came with the US dollar index rising 0.8% this week, which made precious metals priced in dollars more expensive for buyers in other currencies.
Silver also continued its decline, after falling by about 7% on Wednesday, falling below $60 per ounce for the first time since December.
By 10:50 am in Singapore, spot gold fell 0.5% to $3,980.63 per ounce, while silver fell 1.3% to $56.66 per ounce.
Platinum also fell, while palladium was almost flat, while the Bloomberg Dollar Spot Index was slightly lower. (Bloomberg)
