Gold prices slightly lower amid dollar rise

Gold prices declined slightly on March 24 amid a rise in the US dollar and investor valuation of the Fed's hints to end the interest-rate hike.
 

Moody's warned that despite the swift action taken by regulators and policymakers, there is a growing risk that banking system pressures will spill over into other sectors across the US economy.
 

Gold futures for June declined 0.16% to $2,010.00 an ounce at 11:22 am Makkah time. Spot prices fell 0.30% to $1,987.39 an ounce. 
 

Meanwhile, silver futures for May delivery were up 0.23% to $23.31 per ounce. Spot prices for platinum also retreated 0.38% to $985.78 and palladium prices dropped 1.25% to $1,416.75.
 

Meanwhile, the dollar index, which measures the performance of the US currency against a basket of six major currencies, edged up 0.31% to 102.85 points.