Gold Falls as US Dollar Recovers And Investors Await The US Stimulus

Gold fell on Tuesday with the recovery of the dollar, but the price of the precious metal may receive future support from an American stimulus package that increases its attractiveness as a hedge against the resulting inflation.

Gold fell in the spot market 0.3% to 1917.16 dollars an ounce, and gold in futures trading in the United States fell 0.4% to 1921.20 dollars.

The dollar index rose 0.1% against its rivals.

On the level of other precious metals, silver fell 0.8% to $ 24.90 an ounce, platinum settled at $ 872.94, while palladium increased 0.5% to $ 2413.38.