Gold prices are down 1% with the rise of the dollar and US Treasury yields.
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Gold fell in spot transactions by 0.8%.
Gold prices fell 1% today, Thursday, as the dollar rebounded, while recent comments from US Federal Reserve officials indicated continued tightening of monetary policy to tame inflation.
By 18:50 GMT, spot gold fell 0.8% to $1,760.43 an ounce, following falling to $1,753.6 earlier in the session.
US gold futures, for December delivery, also fell 0.7%, upon settlement, to $1,763 an ounce.
The dollar index rose 0.3%, making gold more expensive for holders of other currencies, and US 10-year Treasury yields also rose.
Investors are awaiting the US central bank’s decision to raise interest rates in December.
The interest rate hike affects the appetite for the precious metal, which does not yield interest.
Gold reached its highest level in 3 months, at $1,786.35, on Tuesday, amid fears of an escalation in the Ukraine crisis, but prices have since fallen as tensions subside.
As for other precious metals, silver fell 2.5% to $20.93 an ounce. Platinum fell 2.5% to $980.61 an ounce, and palladium fell 3.2% to $2006.07 an ounce.
