Gold prices fall as dollar rises

Gold prices fell on Wednesday, affected by a stronger dollar and easing trade tensions between the United States and its trading partners, while investors awaited key US data to determine the Federal Reserve’s interest rate stance.

Spot gold fell 0.2% to $3,308.32 per ounce, while US gold futures fell 0.5% to $3,317.50.

The dollar index rose 0.1% against a basket of currencies, making gold more expensive for foreign buyers.

Among other precious metals, spot silver fell 0.1% to $32.93 per ounce, platinum fell 0.6% to $971.90, and palladium fell 0.3% to $931.84.