UNITED STATES (VOP TODAY NEWS) — Gold fell on Tuesday to a five-week low as the dollar rose on stronger-than-expected economic data and higher yields on US bonds.
At 1907 GMT, the spot price of gold fell 0.1 percent to $ 1285.57 an ounce. US gold futures fell 0.2 percent in the settlement to $ 1284.7 an ounce.
The dollar rose near a two-week high against the counterparts, supported by strong data on new home sales and service sectors in the United States, easing concerns about a slowdown in US economic growth.
Among other metals, spot silver rose 0.3 percent to $ 15.12 an ounce. Silver fell earlier to its lowest level since Dec. 27 at $ 15.01 an ounce.
Palladium fell 1.3 percent to $ 1513.88 an ounce, while platinum rose 0.2 percent to $ 836.35 an ounce.
This article is written and prepared by our foreign editors writing for VOP from different countries around the world – edited and published by VOP staff in our newsroom.
Support The VOP from as little as $1 – it only takes a minute. Thank you.
We are the Voice of People — the only funding and support we get from people – we are categorically not funded by any political party, any government somewhere or from any grouping that supports certain interests – the only support that makes VOP possible came from you.
VOP Today News — Breaking news source, real-time coverage of the world’s events, life, politics, business, finance, economy, markets, war and conflict zones.
Contact us: email@example.com