07 Jan 2026 | 5 Mins Read

Precious metals decline on profit-taking and dollar gains

Flipitmoney

Gold slipped 0.7% to $4,466.19 per ounce and U.S. gold futures for February delivery were 0.4% lower at $4,477.30 due to profit-taking after a recent rally and a stronger dollar. Silver lost 1.2% to $80.34 per ounce, having hit an all-time high of $83.62 on December 29. Spot platinum and palladium also fell, by 2.9% and 2.5% respectively, amid a stronger dollar.