Commodities Update — Gold ticks lower; Soybeans rise after four-day slide; Copper gains

RIYADH: Gold prices inched lower on Thursday as the dollar recovered slightly after a large but widely expected interest rate hike by the US central bank sent the currency tumbling in the previous session.

Spot gold fell 0.1 percent to $1,831.63 per ounce, as of 0235 GMT, while US gold futures rose 0.8 percent to $1,833.40.

Silver firm

Spot silver firmed 0.1 percent to $21.67 per ounce, while platinum gained 0.2 percent to $940.98. 

Palladium rose 0.5 percent to $1,870.79.

Soybean up