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Gold, silver slide on profit-booking, dollar strength

UK gold bars and gold Sovereign coins are displayed at Baird & Co in Hatton Garden in London, Britain (PHOTO: Hiba Kola/REUTERS)
7 Jan 2026 11:18

NEW YORK (AGENCIES) 

Gold prices slid on Wednesday as investors booked profits after prices briefly climbed to a more than one-week high in earlier trade, as a stronger dollar weighed on sentiment across the precious metals complex ahead of the key US jobs data due this week.

Spot gold fell 0.7 per cent to US$4,466.19 per ounce, as of 0330 GMT. Bullion touched a record high of $4,549.71 on December 26.

Meanwhile, the US gold futures for February delivery declined 0.4 per cent to $4,477.30.

Spot silver lost 1.2 per cent to $80.34 per ounce, down from an all-time high $83.62 on December 29.

Spot platinum dropped 2.9 per cent to $2,373.0 per ounce, receding from a record high $2,478.50 last Monday, while palladium traded 2.5 per cent lower at $1,777.22 per ounce.

Source: Agencies
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