Gold falls on higher dollar

Gold falls on higher dollar

LONDON: The price of gold fell back on Wednesday, retreating from a three-week high hit in the previous session, after a rises in the dollar on the back of strong employment data.

Spot gold fell 0.6 percent to $1,355.61 an ounce by 1433 GMT. It hit $1,367.33, its highest since July 11, on Tuesday.

Spot palladium dipped 1.1 percent to $708.10 an ounce, after rising to $722.90 on Tuesday, the highest since June 2015.

Spot silver dropped 1.3 percent to $20.35 per ounce, a day after hitting a four-week high of $20.78.

Source/Credit: Dawn