Gold falls to its lowest level in a month

Gold prices fell more than 1% today to their lowest level in a month amid signs of what appears to be a hawkish bias in the US monetary policy that could limit the rise in consumer prices in the future. Spot gold fell 1.1% to $1,764.00 an ounce, after falling to its lowest level since November 3, and US gold futures fell 1.2% to $1,762.70 an ounce.

As for other precious metals, silver settled at $22.31 an ounce, and platinum rose 0.3% to $936.00 an ounce, and palladium rose 1.8% to $1,778.68.