Gold prices eased today, June 20 despite stable US dollar, as the Federal Reserve Chair Jerome Powell will give a congressional testimony later in the week for cues on future rates.
Gold for August delivery traded 0.52%, or $10.3, lower at $1,960.9 an ounce at 09:09 am Makkah time, with spot prices held firm at $1,950.89 per ounce.
Silver futures edged down 0.67% to 16 cents, to $24.18 an ounce. Platinum spot prices dropped 0.75% to $971.31 an ounce.
Meanwhile, the US dollar index, which gauges the greenback's strength against a basket of six currencies, was steady at 102.55 points.
Further, China cut the one-year loan prime rate as expected.
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