Gold prices fall as the dollar strengthens its gains

Gold prices fell on Friday and moved in a narrow range as the dollar strengthened gains from the previous trading session, as strong US inflation data and concerns over the trade war boosted the pace of growth. demand for the US currency. Instant 0.1 percent at $ 1245.54 an ounce at 6:52 GMT. On a weekly basis, the yellow metal dropped 0.7%.

The price of gold to be delivered in August fell 0.1% to $ 1245.50 an ounce

The dollar hit a 10 – day high. US inflation

US data on consumer price inflation have shown that a steady rise in inflation could keep the Federal Reserve on the road to higher inflation. a gradual increase in interest rates

. Silver fell 0.1 percent to $ 15.88 an ounce, after recording the lowest A seven-month high over the previous session.

Platinum fell 0.6 percent to $ 833.7 ounce, while palladium dropped 0.7 percent to $ 942.78 an ounce.