Gold dips as dollar holds near one-month high

Spot prices slipped 0.1% to $4,021.87 per ounce on Wednesday as a firm dollar raised the cost of the metal for holders of other currencies.

Staff Writer
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Gold slipped 0.1% to $4,021.87 per ounce on Wednesday as the dollar held steady near a one-month high, raising the cost of the metal for holders of other currencies. Silver and platinum each gained 0.1%, while palladium also edged 0.1% lower.

Key points

  • Spot gold fell 0.1% to $4,021.87 per ounce Wednesday
  • Silver rose 0.1% to $57.20 per ounce
  • Palladium dipped 0.1% to $1,268.35

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Gold edged lower on Wednesday, with a steady dollar near its highest level in a month weighing on prices for non-dollar buyers.

Spot gold fell 0.1% to $4,021.87 per ounce as of 00:52 GMT. US August gold futures dropped 0.4% to $4,021.70.

Elsewhere in precious metals, silver gained 0.1% to $57.20 per ounce. Platinum rose 0.1% to $1,605.96, while palladium slipped 0.1% to $1,268.35.