Gold fell against the strengthening of the super dollar
The gold prices went down this Tuesday, March 14, pausing the strong comeback on Monday that was seen driven by the banking crisis in the United States, due to the dollar rally while the operators are positioned after knowing the data of inflationwhich could also influence the Federal Reserve’s interest rate strategy.
Spot gold was down 0.2% at $1,909.55 an ounce. US gold futures fell 0.3% to $1,910.90.
Rising 10-year US Treasury yields weighed on the appeal of gold, which offers no returns. Gold barely reacted to US Consumer Price Index (CPI) datawhich posted a monthly rise of 0.4% in February, as expected, after rising 0.5% in January.
Source: Ambito
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