Gold prices fell on Thursday, after the rise of the dollar and the increase in US bond yields affected the demand for buying the precious metal, ahead of the release of US inflation data that may enhance the chances of the Federal Reserve to tighten monetary policy.
And the price of gold in spot transactions fell 0.6%, to $ 1842.77 an ounce (an ounce) by 14:38 GMT, while US gold futures fell 0.7%, to $ 1843.90, according to Reuters.
And the US Treasury yields rose for ten years, which reduced the attractiveness of the yellow metal, which does not yield, and the dollar increased, reducing the attractiveness of gold to holders of other currencies.
Investors are also awaiting monthly US consumer price data on Friday.
A Reuters poll showed that the main US consumer price index is expected to have risen 5.9%, on an annual basis, after rising 6.2%, in April, on an annual basis.
The expected inflation data should give an indication of whether the Federal Reserve will stick to its tight monetary policy in the second half of the year.
As for other precious metals, silver fell in spot transactions 1.8%, to $21.63 an ounce, while platinum fell 2.7%, to $978.37.
And palladium fell 0.9%, to 1925.72 dollars.
