Gold declines under pressure from the dollar and the results of the US-Iranian talks

Gold prices fell to their lowest level in more than a week, today, Tuesday, as the rise of the dollar increased pressure on the price of the precious metal, while investors awaited the outcomes of the US-Iranian talks and the monetary policy expectations of the Council Federal Reserve.

And The price of gold in spot transactions rose 1% to $4,942.48 per ounce by 12:26 GMT, after losing more than 2% earlier in the session. US gold futures (April delivery) also fell by 1.7% to $4,961.80 per ounce.

And in the white metal, the price of silver fell 2% to $75.02 per ounce, after falling by more than 5% earlier in the session.

In other precious metals, platinum lost 1.3% to $2,014.95 per ounce, while palladium declined. 3% to $1,673.30.

Meanwhile, the The US dollar fell by 0.3% against the six major currencies, making the price of US dollar-denominated gold more expensive for holders of other currencies.

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