Gold prices fall due to the rise of the dollar and bond returns

Gold prices recorded a slight decline, during early Thursday’s trading, under pressure from the rise in the dollar and the returns of US treasury bonds, while investors are awaiting an important report on inflation to expect the Federal Reserve Policy path.

Prices update

Gold in instant transactions fell 0.1 percent to $ 2912.94 an ounce by 0232 GMT. US gold futures fell 0.1 percent to $ 2927.20, according to Reuters data.

The dollar index registered an increase of 0.2 percent against other major currencies to get away from its lowest levels in 11 weeks, as it increased the fog due to mysterious pledges by US President Donald Trump to impose customs duties on Europe and more delay in imposing a fees prescribed on Canada and Mexico.

The revenues of the standard US Treasury bonds also recovered for a previous 10 -year decrease, which was attracted from the background of returning gold.

“It seems that the slight rise in the dollar and the returns of US Treasury bonds are pressing a little gold in this session,” said Elia Spavak of Testilliev, adding that the trend is in general to be largely existing.

The markets are awaiting the index of personal consumption expenses, which is the preferred inflation scale of the Federal Reserve, scheduled for Friday, to obtain more indicators that confirm the path of the US Central Bank prices on interest rates.

Silver settled in instant transactions at $ 31.84 an ounce, platinum fell 0.1 percent to 964.95 dollars, and palladium fell 0.1 percent to 926.03 dollars.