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18 April 2024

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Gold falls from three-week high on profit-booking, firm dollar

24-02-2026 08:56 AM


Ammon News - Gold prices fell on Tuesday as investors booked profits after bullion rose more than 2% in the previous session, while pressure from a stronger dollar also weighed on the yellow metal.

Spot gold fell 0.8% to $5,189.99 per ounce by 0125 GMT, snapping a four-session winning streak and dropping from a more than three-week high hit earlier in the day. Bullion gained 2.5% in the previous session.

U.S. gold futures for April delivery were down 0.3% at $5,210.40.

The dollar edged up, making greenback-priced bullion more expensive for holders of other currencies.

Spot silver fell 1% to $87.38 per ounce, after hitting a more than two-week high on Monday.

Spot platinum lost 0.7% to $2,139.25 per ounce, while palladium gained 0.3% to $1,748.12.

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