• Gold falls below the $ 1300 level as the dollar rallied after strong US data




    Gold prices fell as much as 1 percent in trading today, down from the psychological level of $ 1,300 with the dollar rising that is supported by strong economic data from the United States, which reduced the luster of the precious metal as a safe investment tool.

    By 1515 GMT, spot gold was trading at $ 1295.58 an ounce, down 0.93 percent after falling earlier to $ 1294.52.

    US gold contracts fell 1.1 percent to $ 1,299 an ounce.

    The dollar index, which measures the value of the greenback against a basket of six major currencies, that is following reports that US producer prices in March registered the largest increase in five months after weekly jobless claims fell to their lowest level since 1969.​

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