US Dollar Strengthens Gold Price Press
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weakened as the US dollar strengthened.
Plus the previous trading price of gold rose.
The price of gold for April delivery shrank US $ 1.5 or 0.1 percent to US $ 1,325.60 per ounce. In trading Tuesday, gold prices had risen 0.5 percent or US $ 6.30 and was the biggest gain since March 6.
In addition, the US dollar also weighed on gold prices despite economic data showing inflation rising 0.2 percent. Retail sales fell in February. The US dollar index rose 0.1 percent to 89.70. In March 2018, the US dollar index weakened by one percent.
"With concerns about US trade protection and political drama making investors urged, gold could rise again," said Lukman Otunuga, FXTM analyst, as quoted from the page Marketwatch,
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