Source : WAM
Gold and silver prices dropped sharply on Thursday amid a broader market sell-off, as the dollar climbed to a near two-week high.
Spot gold fell 1.7% to $4,876.12 per ounce at 04:02 GMT, pulling back from a near one-week peak reached earlier in the session.
U.S. gold futures for April delivery declined 1.1% to $4,896.30 per ounce.
The dollar’s rise made gold, priced in greenbacks, more expensive for holders of other currencies.
Spot silver tumbled 12.4% to $77.09 per ounce, after reaching a record high of $121.64 last week.
Meanwhile, spot platinum dropped 7.7% to $2,056.64 per ounce, down from its all-time high of $2,918.80 on January 26, and palladium fell nearly 5% to $1,689.25.
