Gold declines with the rise of the dollar and anticipation of US inflation data

‌Goldtoday, with the dollar rising to its highest level in almost a month, at a time when investors are awaiting an important report on Inflationlater in the day to get more indications about the path of monetary policy in the United States.

Spot gold fell 0.1% to $4,995.91 per ounce by 0149 GMT.

US gold futures for April delivery increased 0.3% to $5,013.60.

The dollar is heading for its strongest weekly performance since October, supported by a series of better-than-expected economic data and estimates of the Federal Reserve (the US central bank) leaning more towards monetary tightening.

In other precious metals, silver fell in‌spot transactions 0.1% to $78.29 an ounce.

And platinum fell in transactions. Spot prices fell 0.3% to $2,064.27 per ounce, while palladium fell 0.5% to $1,677.19.