Gold is falling with the rise of USD

Gold prices fell slightly on Wednesday as the US dollar strengthened, but expectations of a slower pace of Federal Reserve rate hikes limited losses.

Spot gold fell 0.3 percent to $1,902.79 an ounce by 0256 GMT.

US gold futures fell 0.2 percent to $1,906.

The dollar index rose 0.3 percent.

A rising dollar makes gold more expensive for buyers holding other currencies.

The metal benefits from lower interest rates, as it reduces the opportunity cost of holding non-yielding gold.

As for other precious metals, spot silver fell 0.1% to $23.90 an ounce, platinum fell 0.6% to $1033.06, and palladium fell 0.2% to $1740.30.