And gold fell in immediate transactions 0.7% to $ 1840.80 an ounce (an ounce) by 18.55 GMT, following it had risen by as much as 0.7% earlier in the session.
US futures fell 1% to settle at $1841.0 an ounce.
The dollar index rose 0.26% to stay near the highest level in 20 years, which it recorded in the previous session. On the other hand, US benchmark 10-year Treasury yields fell from their highest levels in nearly four years.
Investors are awaiting the US consumer price index data, which is expected to be released on Wednesday, to gauge its potential impact on the US central bank’s plans to raise interest rates.
Gold is considered a hedge once morest inflation and a safe haven for value in periods of political and economic uncertainty, but it is highly sensitive to rising US interest rates, which increases the opportunity cost of acquiring the non-yielding metal.
Among other precious metals, spot silver fell 1.65% to $21.43 an ounce, platinum rose 1.26% to $967.50, while palladium fell 1.2% to 2072.00.
