London - Sana
Gold fell today, as a relative rise in the dollar’s value against the rest of the currencies prompted some investors to reap the gains of the precious metal, which rose to a record high of $ 2,000 an ounce.
Reuters reported that gold decreased in spot transactions 0.5 percent to 2017 53 dollars an ounce, retreating from a record high of 2072.50 dollars an ounce, recorded last week.
And US gold futures contracts fell 0.6 percent to 2026.90 dollars an ounce.
The dollar held its gains last night as investors pinned their hopes on a stimulus agreement in Washington, and the yield on US Treasury bonds rose from the lowest level in months.
As for the other precious metals, silver fell 1 percent to $ 28.86 an ounce, while platinum fell 0.8 percent to $ 979.12 an ounce.
Palladium rose 0.7 percent to $ 2234.90 an ounce.