“Gold fell slightly as a rally in global stock markets saw investor appetite wane for the precious metal,” ANZ analysts said in a note on Monday. Spot gold fell 0.3% to $1,238.01 per ounce at 10.04am. The dollar index, which compares the greenback against a basket of major currencies, rose from a nine-month low on Monday. If inflation pressure is low, I don’t think there’s much upside for gold prices in the short term,” said Argonaut Securities analyst Helen Lau. Among other precious metals, silver rose 0.3% to $16.61 per ouncePalladium rose 0.3% to $844.00 per ounce while platinum fell 0.4% to $917.70 per ounce.

Source: Mint July 03, 2017 07:18 UTC