Gold prices decline with the rise of the dollar and the decline of hopes for a US interest rate cut

Gold prices fell on Thursday under strong pressure Goldin spot transactions rose by 0.2% to $5,167.15 per ounce by 07:18 GMT, while gold futures in the United States for April delivery fell by 0.1% to $5,173.10.

The US dollar rose by about 0.2%, making gold denominated in the US currency more expensive for holders of other currencies.

Nicholas said. Vrabel, Global Head of Institutional Markets at ABC Refinery: The strength of the dollar and developments related to interest rates constitute a slight pressure on gold, although