Gold prices fall on firm dollar, markets await US inflation data

Singapore: Gold prices edged lower on Thursday after a more than 2% gain in the previous session, as the US dollar firmed ahead of a key inflation report due later this week that could provide more cues on the US interest rate trajectory.

Spot gold dipped 0.4% to $4,961.57 per ounce, ‌after gaining ⁠2.1% ⁠in the previous session.

US gold futures for April delivery were down 0.6% at $4,981.

Spot silver eased 0.5% to $76.83 per ounce after dropping more than 5% yesterday.

Spot platinum edged 0.1% down to $2,069.35 per ounce, while palladium lost 0.5% to $1,707.53.