Gold prices rise on decline of equities and dollar

 21 Jun 2017 - 12:53

Gold prices rise on decline of equities and dollar
File Photo: Reuters.

QNA

New York: Gold prices rose on Wednesday after hitting its lowest in five weeks in the previous session, buoyed as equities fell and the dollar eased from one-month highs following a tumble in crude oil prices.

Spot gold was up 0.2% at $1,245.82 per ounce. US gold futures for August delivery climbed 0.3% to $1,246.7 per ounce.

Among other precious metals, silver gained 0.1% to $16.47 per ounce, hovering near a six-week low hit in the previous session.

Platinum slid 0.1% to $917.25 per ounce, while palladium was flat at $867.99 per ounce.