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Gold Prices Fall As Dollar Rebounds

Dubai – (Massader News)

Gold prices fell on Tuesday, and the metal futures for December delivery fell by 1.4% to $ 1286.8 an ounce, as the dollar rebounded, according to a report published by Mubasher.

The spot price of gold fell by 0.9% to $ 1284.7 an ounce.

The US currency rose against the basket of major currencies supported by positive economic data on industrial production, and the confidence of new US home builders.

The dollar rose against the euro by 0.4% to $ 1.1751, according to Mubasher.

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