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18 April 2024

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Gold slips from one-week high on profit-booking, dollar strength

07-01-2026 10:19 AM


Ammon News - Gold slid on Wednesday as investors booked profits after prices briefly hit a more than one-week high earlier in the session, while a stronger dollar weighed on sentiment across the precious metals complex ahead of key U.S. jobs data due this week.

Spot gold slipped 1.1% to $4,447.03 per ounce, as of 0547 GMT. It touched a record high of $4,549.71 last Monday.

U.S. gold futures for February delivery were 0.9% lower at $4,456.10.

The dollar held near a more than two-week high, making greenback-priced assets more expensive for other currency holders.

Elsewhere, spot silver lost 3.5% to $78.43 per ounce, down from an all-time high of $83.62 hit on December 29.

Spot platinum dropped 4.1% to $2,342.50 per ounce, receding from a record high $2,478.50 touched last Monday. It gained more than 3% earlier in the session.

Palladium traded 5.6% lower at $1,720.25 per ounce.

Reuters




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