Metal Prices Sliding, Gold Falls For 5th Straight Session

MOSCOW, March 24 (Bernama-Sputnik/RIA Novosti) -- Metal prices are dropping noticeably on Tuesday morning, with gold declining for the fifth consecutive trading session, trading data showed, reported Sputnik/ RIA Novosti.

At 05:26 GMT, June gold futures on the New York Comex exchange slid US$64.96 (US$1 = RM3.93) from the prior close, or 1.46 per cent, to US$4,374.54 per troy ounce. Over the past four days, the precious metal has lost 11.3 per cent in total.

Meanwhile, the May silver futures fell by 3.83 per cent to US$66.7.

April platinum futures fell 2.62 per cent from the previous close, to US$1,824.65 per troy ounce.

June palladium futures declined 2.68% to $1,400 per troy ounce, while the spot price eased 1.72 per cent to US$1,405.93 per troy ounce.

Nickel futures dipped 1.49 per cent from the prior close, to US$16,846 per tonne.

--BERNAMA-SPUTNIK/RIA NOVOSTI