Gold Price Weakens On Some Chart-Based Selling And Firmer Greenback

New York (Mar 5)  Gold prices have slipped to modestly lower levels on the day, in late-morning dealings Monday. Some technically based selling pressure has developed, and the U.S. dollar index remains firmer on the day, to keep the yellow metal on the defensive. April gold was last down $2.20 an ounce at $1,321.20.

Spot platinum price dropped $11 to $957, while spot palladium price plunged $12 to $985. Likewise spot silver slid 1% to $16.41.

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