Reuters reported that the price of gold fell to its lowest since the middle of January due to a higher dollar and stronger economic data.
As quoted in the market news:
Spot gold was down 1.7 percent at $1,645.26 per ounce by 1547 GMT, having hit a low of $1,640.95 – its lowest since Jan. 16. U.S. April gold shed almost percent to $1,645.20 per ounce. Silver was influenced by gold, falling 2.5 percent.
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