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New York (Archyde.com)
Gold prices declined today in a narrow range in light of the rise in the dollar, but the precious metal did not move far from the highest level in a week, which it recorded in the previous session, amid anticipation of economic data to be published during the current week.
Spot gold fell 0.2% to $1,813.23 an ounce by 0957 GMT, following it rose more than 1% on Tuesday on the back of the dollar’s decline.
US gold futures fell 0.2 percent to $1,822.70.
The dollar index rose yesterday following falling in the previous session. Investors are awaiting US GDP data due on Thursday, as well as the Core Personal Consumption Expenditures (PCE) price index due on Friday.
