Gold price falls pressured by a firmer dollar and easing market tensions

Singapore: Gold prices dipped on Thursday, 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.

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.