Gold prices are falling with the rise of the dollar – the economic – the global economy

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Gold fell more than 2 percent to fall from the psychologically important $ 1,800 level in light of the rise in the dollar and US Treasury yields, which took the metal’s lure.

By 1701 GMT, the spot price of gold was down 2.3 percent to $ 1791.11 an ounce, after touching its lowest level in more than two months at $ 1784.76. US gold futures fell 2.4 percent to $ 1,791.50.

Silver fell 2.8 percent to $ 26.11 an ounce.

Silver prices have fallen more than 13 percent since it spiked a retail buying spree similar to that in GameStop, to its nearly eight-year peak of $ 30.03 on Monday.

Platinum fell 0.7 percent to 1093.50 dollars an ounce, while palladium rose 0.9 percent, recording 2,293.81 dollars.

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