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- Gold price falls on a stronger U.S. dollar
Gold price falls on a stronger U.S. dollar
Gold price declined on a stronger U.S. dollar. The greenback rose against other currencies on speculation that the Fed will start raising its interest rate next month.
Market participants are awaiting an unscheduled Fed meeting later in the day. According to the Fed's website, the Fed will review the advance and discount rates to be charged by the Federal Reserve Banks. The meeting is scheduled to begin at 16:30 GMT.
December futures for gold on the COMEX today fell to 1065.00 dollars per ounce.
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