Gold gives up its gains after the rise of the dollar
Gold prices gave up their gains in late trading today, Tuesday, with the rise of the dollar, after it recorded earlier in the session its highest level in a month, due to expectations of increasing demand for the precious metal, amid recent indications of increasing inflation.
And the price of gold in spot transactions was $ 1810.30 an ounce by 1810 GMT, down 0.03 percent after hitting its highest level since November 22 at $ 1820.
US gold futures rose 0.11 percent to $1,810.70.
The US dollar index rose 0.126 percent against a basket of major currencies, which reduces the attractiveness of gold to holders of other currencies.
Among other precious metals, spot silver rose 0.13 percent to $23.07 an ounce and platinum rose 0.7 percent to $977.25.
Palladium rose 1.3 percent to $ 1996.10 an ounce, after touching its highest level in more than a month at $ 2019 earlier in the session.
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