Gold prices fell today, with the rise of the dollar, while a new set of global economic data reinforced investor concerns about interest rates remaining high for a longer time than expected.
Gold in instant transactions fell 0.2 percent to $ 1833.57 an ounce, after reaching the highest level in a week yesterday, Wednesday. US gold futures fell 0.3 percent to $1,840.50. Among other precious metals, spot silver fell 0.5 percent to $20.90 an ounce, palladium lost 0.8 percent to $1,428.85, and platinum fell 0.5 percent to $950.64, after hitting a three-week high in the previous session.
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