Baghdad/ NinaGold prices fell today, Wednesday, affected by the pressures of the rising US dollar, but moved in a narrow range due to the absence of any new influences.
Gold in spot transactions fell 0.2 percent to $ 1811.20 an ounce, and US gold futures fell 0.2 percent to $ 1818.90 an ounce.
The dollar index rose 0.1 percent, which makes gold denominated in the US currency more expensive for buyers than holders of other currencies.
Gold increased by regarding two hundred dollars following reaching its lowest level in more than two years at the end of September, following the dollar was negatively affected by expectations that the Federal Reserve (the US Central Bank) would slow down the pace of raising interest rates.
Raising interest rates increases the opportunity cost of holding non-interest-bearing gold.
As for other precious metals, silver fell in spot transactions by 0.3 percent to $23.98 an ounce, platinum fell 0.4 percent to $1015.67 an ounce, and palladium fell 0.4 percent to $1821.38 an ounce./ End
