Key Facts

Gold proxy settled lower the gold-tracking fund closed at US$4,357 an ounce, down 1.29 percent on Thursday, August 13.

Silver tracked the decline the silver-tracking fund settled at US$64.55 an ounce, a drop of 1.14 percent for the session.

A firmer dollar weighed the U.S. currency strengthened against major peers, making dollar-priced metals more expensive for overseas buyers.

Real yields edged up inflation-adjusted U.S. Treasury yields rose, reducing the appeal of non-yielding bullion.