Gold prices rise on decline of equities and dollar

New York (June 21)  Gold prices rose on Wednesday after hitting its lowest in five weeks in the previous session, buoyed as equities fell and the dollar eased from one-month highs following a tumble in crude oil prices.

Spot gold was up 0.2% at $1,245.82 per ounce. US gold futures for August delivery climbed 0.3% to $1,246.7 per ounce.

Among other precious metals, silver gained 0.1% to $16.47 per ounce, hovering near a six-week low hit in the previous session.

Platinum slid 0.1% to $917.25 per ounce, while palladium was flat at $867.99 per ounce.

Source: ThePenisula