Ammon News - Gold and silver prices fell sharply in a broader market sell-off on Thursday, as an advance in the dollar to a near two-week high and signs of easing U.S.-China trade tensions added pressure on precious metals.

Spot gold was down 1.7% at $4,876.12 per ounce, as of 0402 GMT, retreating from a near one-week high hit earlier in the session.

U.S. gold futures for April delivery were down 1.1% at $4,896.30 per ounce.

The dollar rose to a near two-week high on Thursday, making greenback-priced gold more expensive for other currency holders.

Spot silver plummeted 12.4% to $77.09 an ounce. Last week, the precious metal touched a record high of $121.64.

Spot platinum slumped 7.7% to $2,056.64 per ounce after hitting an all-time high of $2,918.80 on January 26, while palladium shed nearly 5% to $1,689.25.

Reuters