Ammon News - Gold prices were steady on Monday after paring a near 1% fall earlier in the session, as a softer dollar and safe-haven demand helped offset waning hopes of near‑term U.S. interest rate cuts ​due to elevated energy prices.

Spot gold edged up 0.2% to $5,027.98 per ounce, ​as of 0427 GMT, recovering from a more than three-week low hit ⁠earlier in the session. U.S. gold futures for April delivery fell 0.6% to $5,031.60.

The U.S. dollar nudged ​lower, making greenback-priced commodities, such as bullion, cheaper for holders of other currencies.

Spot silver fell 0.3% to $80.33 per ounce. Spot platinum gained 1.7% to $2,059.21 and palladium ​rose 1.2% to $1,569.99.

Reuters