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Gold lowers

Gold lowers

LONDON: Gold slid more than one per cent on Tuesday to its lowest since Britain’s shock vote to leave the European Union in June, as a bounce in the dollar after upbeat US data triggered a break of key support at $1,300 an ounce.

Spot gold was down 1.7pc at $1,289.17 an ounce by 1335 GMT, while US gold futures for December delivery were down $22.30 an ounce at $1,290.40.

Silver was down 2 percent at $18.35 an ounce. Platinum was down 0.9 per cent at $995 an ounce, off an earlier three-month low of $991, while palladium was down 1 percent at $704.50 an ounce.

Published in Dawn October 5th, 2016

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