LONDON: Gold slipped on Tuesday from the previous day’s four-month high, reflecting losses across precious metals and commodities as the dollar clawed back some lost ground after hitting a three-year low against a currency basket.
Gold’s move lower snapped four straight days of gains after the retreat in the US currency made dollar-priced gold cheaper for holders of other currencies.
Silver was down 1.3pc at $17.12 an ounce, off the previous day’s three-month high of $17.42. Platinum was up 0.2pc at $997.90. It touched a peak on Monday of $1,001.40, its strongest since Sept 11.
Published in Dawn, January 17th, 2018
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