NEW YORK, February 16 (FinanceEnquiry.com) - Gold and silver slipped the most in four weeks as the dollar is directed for the longest rebound against the euro in five months, wearing off the requirement of precious metals as alternative investments.

The position of dollar is strengthening against euro, which has declined for the fifth straight month, the longest decline since early September. European creditor countries are looking for more control over how the Greek government is going to spend its bailout package, while Greece faces an uncertain default.

Gold futures for April delivery slipped 0.6 % to $1,716.70 an ounce, the fourth decline in five sessions, while the silver fell 1.7% to $32.80 an ounce, the steepest drop in four weeks.