Gold falls to its lowest levels in a week as the dollar rises

Gold prices fell on Tuesday, with the dollar rising, as investors waited to find out whether the United States and Iran would meet this week to hold peace talks after renewed tensions.

Gold fell in instant transactions by 0.2 percent to $4,807.91 per ounce, by 0217 GMT, continuing its decline from the previous session when it recorded the lowest level in a week, specifically on April 13. US gold futures for June delivery settled at $4,827.30.

The dollar rose, making US currency-denominated goods more expensive for holders of other currencies.