Ammon News - Gold and other precious metals fell on Thursday as geopolitical tensions and safe-haven demand eased after U.S. President Donald Trump backed down from new tariff threats and proposals to annex Greenland by force, while a firmer dollar also pressured prices.
Spot gold was down nearly 1% to $4,793.63 per ounce, as of 0332 GMT, after scaling a record peak of $4,887.82 in the previous session.
U.S. gold futures for February delivery lost 1% to $4,790.10 per ounce.
The dollar firmed, while Wall Street indexes also jogged higher on news of Trump's reversal on tariffs.
Spot silver was steady at $92.27 an ounce, after hitting a record high of $95.87 on Tuesday.
Spot platinum lost 1.8% to $2,438.43 per ounce after touching a record peak of $2,511.80 on Wednesday, while palladium edged 0.1% higher to $1,840.40.
Reuters
comment replay 
