Gold prices decline

New York, February 2 / WAM / Gold continued its decline today, Monday, affected by the rise in the dollar, as it fell in spot transactions by 1.5% to $4,793.97 per ounce by 00:46 GMT.

Gold had recorded an unprecedented high level of $5,594.82 last Thursday, while US gold futures for February delivery increased 1.6% to $4,818.10 per ounce.

As for other precious metals, silver rose in spot transactions by 1.6% to $85.98 per ounce, and had also recorded an unprecedented high level of $121.64 last Thursday.

Platinum fell in spot transactions by 2% to $2,120.05 per ounce after recording an unprecedented high level of $2,918.80 on January 26, while palladium fell 0.9% to $1,682.59.

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