Gold Retreats Amid Inflation Concerns

Gold Prices Dip Amid Mixed Precious Metal Performances

Spot gold fell by 0.6% to settle at $4,684.32 an ounce, while U.S. gold futures for June delivery dropped 0.8% to $4,692.70.

Contrasting Performances of Precious Metals

Other precious metals saw mixed results during trading. Silver inched up by 0.7%, reaching $80.88 an ounce, buoyed by strong demand in the markets.

Conversely, platinum lost 0.6% to $2,042.71 an ounce, while palladium declined by 0.4% to $1,484.99, as investors adopt a cautious stance ahead of upcoming global economic data.