Baghdad: Gold prices fell by 1% on Tuesday amid continued weak trading in major Asian markets, while a stronger U.S. dollar added further pressure on the precious metal. According to National Iraqi News Agency, spot gold declined by 0.9% to $4,947.98 per ounce as of 01:10 GMT, after losing about 1% earlier in the session. U.S. gold futures for April delivery also dropped 1.6% to $4,966.80 per ounce. Meanwhile, the U.S. dollar index rose 0.2% against a basket of major currencies, making gold more expensive for holders of other currencies. This increase in the dollar's value contributed to the decline in gold prices. As for other precious metals, spot silver fell 2.7% to $74.51 per ounce, after dropping more than 3% earlier in trading. Platinum eased 0.8% to $2,025.05 per ounce, while palladium declined 1.5% to $1,698.10 per ounce.
