LONDON: Gold resumed its downward slide from a five-month high in mid-April, giving up gains that came after US President Donald Trump announced unfunded tax cuts, causing shares and US bond yields to fall.
Gold has fallen 1.6pc this week as it slips from a April 17 high of $1,295.42.
In other precious metals, silver was down 1.3pc at $17.24, its lowest since March 17.
Platinum was down 0.4pc at $942.90 an ounce and palladium was flat at $808.25.
Courtesy : Dawn News