Gold closes down 1.2% under pressure from the dollar and expectations of a rate cut

Gold prices fell at the end of today’s trading, affected by the rise in The price of gold fell by 1.2% to $5,081 per ounce, compared to the opening at $5,125 per ounce, while gold futures in the United States fell by 0.8% to $5,092 per ounce.

In other precious metals, the price of silver fell by 1.6% to $82 per ounce, compared to the opening at $83.8.

/>On the other hand, the US dollar index rose by 0.3%, making gold denominated in the US currency more expensive for holders of other currencies.

Investors are currently awaiting the release of weekly unemployment claims data in United States, along with the February jobs report scheduled for release on Friday, for additional indications of the path of interest rates during the current year.

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