Gold prices fell today, Wednesday, as demand for higher-risk assets increased, as fears of a widening global banking crisis receded.
Spot gold fell 0.6 percent to $1,961.80 an ounce by 0749 GMT, after rising 1 percent on Tuesday. US gold futures fell 0.5 percent to $1,963.10, according to Reuters.
said Matt Simpson, senior market analyst at City Index "We are witnessing a natural bounce… Gold is falling after a failed ‘attempt’ to break the $1975 barrier".
But he added that some investors "They still seem to be holding on to gold ‘in anticipation’ of other caches".
The dollar index rose, which raises the price of the precious metal for buyers holding other currencies. Asian stocks jumped on Wednesday.
As for other precious metals, silver fell 0.5 percent to $23.15 an ounce, platinum fell 0.1 percent to $962.05, and palladium lost 0.3 percent, recording $1,414.64.
