LONDON: Gold prices firmed on Friday, rebounding from a 3-1/2 month low as the dollar softened, while investors remained cautious ahead of Greece’s referendum on an international bailout deal.

Liquidity was thinner, with US markets closed for the Independence Day public holiday.

Spot gold was up 0.2 per cent at $1,167.70 an ounce by 1412 GMT. It had dropped to $1,156.85 — its lowest since mid-March — ahead of Thursday’s US non-farm payroll data but pared losses as the dollar fell against a basket of currencies after the data showed jobs growth was weaker than expected last month.

Silver fell 0.1pc to $15.67 an ounce, while platinum dropped 0.4pc to $1,076.75 and palladium lost 1.9pc to $679.10.

Published in Dawn, July 4th, 2015

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