Gold falls due to the rise of the dollar after US unemployment claims data

Gold fell today, after the dollar rose due to weaker-than-expected weekly unemployment claims data in the United States, while US President Donald Trump softened his tone regarding Iran, which affected demand for the precious metal, which is considered a safe haven.
Gold fell in instant transactions by 0.3 percent to $4,607.59 per ounce, and the yellow metal recorded a record level of $4,642.72 in the last session.
US gold futures for February delivery fell 0.5 percent to $4,612.50.
Data showed that the number of new applicants for US unemployment benefits unexpectedly decreased last week, pushing the dollar index to its highest levels since December 2 and making the precious metal more expensive for holders of other currencies.
Gold, which does not generate a return, usually rises when interest rates are low and in times of geopolitical and economic uncertainty. As for other precious metals, silver fell in spot transactions by 3.6 percent to $89.29 per ounce, after recording an all-time high of $93.57 earlier in the session. Platinum fell in spot transactions 0.4 percent to $2,375.55 per ounce, while palladium fell 1.8 percent to $1,806.68 per ounce.