New york: Gold prices dipped today, pressured by a firmer dollar and easing market tensions after US President Donald Trump said it was “highly unlikely” he would dismiss Federal Reserve Chair Jerome Powell.

According to Oman News Agency, spot gold was down 0.2% at $3,340.79 per ounce, and US gold futures fell 0.4% to $3,347.10. The dollar index edged 0.1% higher against its rivals, making greenback-priced bullion more expensive for other currency holders.

Elsewhere, spot silver edged 0.1% higher to $37.98 per ounce, platinum rose 0.2% to $1,419.67, and palladium nudged 0.1% lower to $1,230.14.