Gold Falls Due to The Rise in The Dollar And The Focus on US Inflation

Gold fell Tuesday, June 8 as the dollar rose, while investors cautiously awaited economic data due this week to assess inflation pressures and the US Federal Reserve’s stance on monetary policy.

And gold fell in spot trading 0.1% to $ 1896.94 an ounce, while gold settled in futures trading in the United States at $ 1899.10.

The dollar index rose 0.1% against its rivals, increasing the cost of gold to holders of other currencies.

In terms of other precious metals, silver fell 0.3% to $27.78 per ounce, and palladium gained 0.2% to $2838.28, while palladium fell 0.5% to $1167.18.