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Gold prices have been declining influenced by the comments of US monetary policy officials and pressure the dollar
Gold fell on Wednesday , with the rise of the dollar after it strengthened Comments officials at the Federal Reserve ( the US central bank) rate hike expectations in March , while not submitted a letter to the head of Donald Trump Trqubth markets eagerly few details about the spending on infrastructure projects and tax reforms .
By 0647 GMT , gold dropped 0.4 percent in online transactions to $ 1243.86 an ounce ( an ounce). The precious metal reached its highest level since Nov. 11 at $ 1263.80 on February February 27.
And got gold in the US futures contracts 0.8 percent to $ 1244.30 an ounce.
Trump has pledged to reform the immigration system and improve employment opportunities and wages for Americans and pledge tax cuts "huge" middle tax cuts for businesses to layer. But he did not give a few indications on how to achieve it.
The dollar index rose 0.5 percent to 101.580.
Some decision - makers at the Federal Reserve on Tuesday boosted expectations of raising US interest rates in March.
For other precious metals silver went down 0.1 percent to $ 18.28 an ounce.
And platinum settled at $ 1022.80 an ounce.
And palladium rose 0.4 percent to $ 771.90 an ounce.
Gold fell on Wednesday , with the rise of the dollar after it strengthened Comments officials at the Federal Reserve ( the US central bank) rate hike expectations in March , while not submitted a letter to the head of Donald Trump Trqubth markets eagerly few details about the spending on infrastructure projects and tax reforms .
By 0647 GMT , gold dropped 0.4 percent in online transactions to $ 1243.86 an ounce ( an ounce). The precious metal reached its highest level since Nov. 11 at $ 1263.80 on February February 27.
And got gold in the US futures contracts 0.8 percent to $ 1244.30 an ounce.
Trump has pledged to reform the immigration system and improve employment opportunities and wages for Americans and pledge tax cuts "huge" middle tax cuts for businesses to layer. But he did not give a few indications on how to achieve it.
The dollar index rose 0.5 percent to 101.580.
Some decision - makers at the Federal Reserve on Tuesday boosted expectations of raising US interest rates in March.
For other precious metals silver went down 0.1 percent to $ 18.28 an ounce.
And platinum settled at $ 1022.80 an ounce.
And palladium rose 0.4 percent to $ 771.90 an ounce.
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