Gold prices are falling globally with the strength of the US dollar
Gold prices fell globally on Wednesday, from their highest level in nearly 5 months in the previous session, as a slight rise in bond yields affected the safe-haven metal while strong US economic data pushed it back to riskier assets.
The price of the precious metal futures contract for August delivery was $1898.50 an ounce, down 0.34% or $6.50.
And the spot price of gold decreased by 0.22%, equivalent to $4.10, to record $1,896.34 an ounce.
At that time, the US dollar index, which measures the performance of the green paper against a basket of 6 major currencies, rose by 0.18% at 89.983 points.
