6/29, 8:43 PM (Source: TeleTrader)
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Precious metals decline, gold at over 2-month low

Precious metals traded lower on Tuesday with gold hitting the lowest level since mid-April.

The decline comes as investors are expecting the Federal Reserve to raise interest rates earlier than initially planned. Market watchers are also awaiting US job data scheduled for release later this week with numbers expected to be strong.

Spot gold fell 0.83% to sell for $1,764.24 per ounce at 2:41 pm ET and silver slid 1.17% to $25.81 per ounce at the same time. Platinum dropped 1.98% to go for $1,072.18 per ounce at 2:42 pm ET and palladium lost 0.30% to sell for $2,681.04 per ounce at the same time.

Baha Breaking the News (BBN) / NP