emirates7 - Gold prices fell more than 1 percent on Tuesday, pressured by a firmer US dollar on expectations of a Federal Reserve interest rate hike this year.
Spot gold was down 1.1 percent at $4,142.61 per ounce, as of 0414 GMT. US gold futures for August delivery fell 1 percent to $4,160.20.
The dollar held firm near the one-year high hit late last week, making gold less affordable for buyers holding other currencies.
Spot silver fell 3.3 percent to $63.05 per ounce, platinum lost 1.9 percent to $1,646.30, and palladium was down 1.8 percent at $1,242.75.
Spot gold was down 1.1 percent at $4,142.61 per ounce, as of 0414 GMT. US gold futures for August delivery fell 1 percent to $4,160.20.
The dollar held firm near the one-year high hit late last week, making gold less affordable for buyers holding other currencies.
Spot silver fell 3.3 percent to $63.05 per ounce, platinum lost 1.9 percent to $1,646.30, and palladium was down 1.8 percent at $1,242.75.
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