Gold prices fall as dollar regains some strength

Gold prices fell today, Wednesday, after hitting the highest level in a week in the previous session, on the back of the dollar regaining some of its strength, which makes bullion priced in the US currency more expensive for buyers abroad.

Gold fell in spot transactions by 0.2% to 1813.55 dollars an ounce (an ounce) by 0623 GMT, after it rose more than one percent yesterday, Tuesday, against the backdrop of the dollar’s decline.

US gold futures fell 0.1% to $1,823.60.