Ammon News - Gold prices fell to a two-month low on Thursday as fresh U.S. attacks on Iran boosted the dollar and pushed oil prices higher, stoking concerns about rising inflation and clouding the interest rate outlook.
Spot gold was down 1.8% at $4,375.78 per ounce, as of 0611 GMT, earlier falling to its lowest level since March 26. U.S. gold futures for June delivery fell 1.6% to $4,373.90.
The dollar rose to a one-week high, making greenback-priced bullion more expensive for holders of other currencies.
Spot silver fell 2.6% to $72.70 per ounce and platinum lost 1.7% to $1,884.83. Both metals earlier hit a near one-month low. Palladium slid 2% to $1,362.70.
Reuters
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