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- Gold declines on a stronger U.S. dollar
Gold declines on a stronger U.S. dollar
Gold price declined on a stronger U.S. dollar and on decreasing demand for safe-haven assets.
The U.S. markets are closed for a public holiday.
Market participants speculate that the Fed will not raise its interest rate in March. They are focussed on the incoming U.S. economic data. The Fed Chairwoman Janet Yellen said last week that further interest rate hikes will depend on the U.S. economic data.
April futures for gold on the COMEX today fell to 1202.70 dollars per ounce.
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