Gold prices down as dollar and bond yields up

Gold prices fell today, Wednesday, as a result of the rise in the dollar and US bond yields, while investors evaluate the path of US interest rates, after the consumer price report showed that inflation remains high.

According to Reuters, gold in the spot market fell 0.1 percent to $1901.24 an ounce by 0052 GMT, after falling briefly below the important $1900 level earlier in the session. And US gold futures lost 0.3 percent, recording $ 1,905.30.

The dollar index rose 0.1 percent, which makes the precious metal more expensive for holders of other currencies. Likewise, the yield on the standard ten-year US Treasury bond increased

The Federal Reserve (the US central bank) is expected to raise its key interest rate by a quarter of a percentage point at its monetary policy meeting next week and again in May after a government report showed that US inflation remained high in February and as concerns eased. of a protracted crisis in the banking sector

Silver in the spot market fell 0.1 percent to $21.67 an ounce, while platinum fell 0.1 percent to $981.69 and palladium fell 0.7 percent to $1496.61.