LONDON: Gold prices fell on Tuesday to a near four-month low as a firmer dollar and investors’ ongoing preference for riskier assets took the sheen off the metal traditionally seen as a safe haven.

Spot gold was down 0.5 per cent to $1,267.80 per ounce at 1300 GMT, after falling to its lowest since Dec 27 at $1,266.50. US gold futures fell 0.6pc to $1,270 an ounce.

“Growth worries that had weighed on risk sentiment and supported gold have largely faded,” Julius Baer analyst Carsten Menke said, adding sentiment in financial markets was positive.

In other metals, silver fell 1.3pc to $14.79 per ounce. Platinum fell 1.1pc to $885.72 per ounce, having hit a two-week high of $911.75 in the previous session.

Palladium was 0.6pc lower at $1,378.29 per ounce, after falling as much as 3.5pc.

Published in Dawn, April 24th, 2019