Gold prices fell today (Thursday) after rising more than 2% in pre-trade as the dollar strengthened ahead of the release of a key inflation report that could give further indications about US interest rate trends.
Spot gold prices fell 0.4% to $4,961.57 an ounce after rising 2.1% in the previous session.
US gold futures for April delivery fell 0.6% to $4,981.
The dollar hit its highest level in more than a week, increasing the price of precious metals priced into the dollar for holders of other currencies.
Among other precious metals, silver fell 0.5% to $76.83 an ounce in spot trading, after falling more than 5% yesterday (Wednesday). In spot trading, platinum fell 0.1% to $(2,069.35) an ounce, while palladium fell 0.5% to $(1,707.53).
Gold prices fell today (Thursday) after rising more than 2% in the previous session, while the dollar strengthened ahead of the release of a key inflation report that could provide further indications on the trajectory of US interest rates.
Spot gold prices fell 0.4% to $4,961.57 an ounce after rising 2.1% in the previous session.
US gold futures for April delivery fell 0.6% to $4,981.
The dollar hit its highest level in nearly a week, increasing the price of precious metals priced into the dollar for holders of other currencies.
Among other precious metals, spot silver fell 0.5% to $76.83 an ounce after falling more than 5% yesterday (Wednesday), spot platinum fell 0.1% to $2,069.35 an ounce and palladium fell 0.5% to $1,707.53 an ounce.
