LONDON: Gold fell to near its lowest in almost four weeks on Wednesday, on a stronger dollar and hopes for progress in the Greek crisis after the country told international creditors Athens could accept their bailout offer if some conditions were changed.

Spot gold was down 0.4 per cent at $1,167.80 an ounce at 1357 GMT, within reach of its lowest since June 5, at $1,166.35, hit in the previous session.

US gold futures for August delivery were down $4.60 an ounce at $1,167.40.

Silver fell 1.4pc to $15.52 an ounce. Palladium rose 4pc to a session high of $700 and platinum was up 0.4pc at $1,076.

Published in Dawn, July 2nd, 2015

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