Gold prices fell as the dollar and bond yields rose

Gold prices fell on Wednesday as the dollar and US bond yields rose as investors assessed the path of US interest rates after a consumer price report showed that inflation remains high.

Gold fell in the spot market 0.1 percent to $ 1901.24 an ounce by 0052 GMT, after falling briefly below the important $ 1900 level earlier in the session. 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. The yield on the US benchmark ten-year Treasury note also increased.

The Federal Reserve 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 fears of a crisis receded. extended 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.