Gold fell below $930 per ounce on Thursday as the dollar rose versus a basket of currencies after a larger than expected dip in US non-farm payrolls, which prompted some buying of the currency as a haven from risk.
Spot gold fell to a low of $926.10 and was at $930.40 at 1319 GMT, versus $939.95 late in New York on Wednesday.
Among exchange-traded funds, the SPDR Gold Trust, said holdings were at 1,120.55 tonnes as of July 1, unchanged from the previous business day. ETF Securities however said it saw inflows into its three gold ETFs on Wednesday. The more industrial precious metals — silver, platinum and palladium — also declined, pressured by the stronger dollar and reflecting losses on the base metals market. Spot silver dropped to $13.38 per troy ounce from $13.74 quoted in New York, while platinum fell to $1,181 against $1,198.50, and palladium dipped to $247.50 from $252.00.
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