Gold prices hit a more than three-month low as the stronger dollar weighed on the precious metal’s appeal, according to a report by Reuters.
On Thursday, spot gold declined by 0.1 percent to reach $1,904.79 per ounce by 09:50 GMT, staying close to its lowest level since mid-March. Meanwhile, US gold futures dropped by 0.5 percent to $1,913.00.
Spot silver remained relatively stable at $22.7169 per ounce, while platinum saw a slight 0.1 percent decrease to $910.19.
The decline in gold prices reflects the ongoing impact of the stronger dollar on the precious metals market.