Gold prices fell today, as a result of the rise in the dollar and US bond yields.
Gold in the spot market fell 0.1 percent to $ 1901.24 an ounce by 0052 GMT, after falling briefly below the important $ 1900 level earlier in the session. US gold futures lost 0.3 percent, recording $1,905.30.
The dollar index rose 0.1 percent, which makes the precious metal more expensive for holders of other currencies. The yield on the US benchmark ten-year Treasury note also increased.
The Federal Reserve (the US central bank) is expected to raise its key interest rate by a quarter of a percentage point at its monetary policy meeting next week and again in May after a government report showed that inflation in the US remained high in February and as fears of a crisis receded. extended in the banking sector.
Silver in the spot market fell 0.1 percent to $21.67 an ounce, while platinum fell 0.1 percent to $981.69 and palladium fell 0.7 percent to $1496.61.
