Gold is falling from its highest level in a month

Gold prices retreated from their highest levels in more than a month today with the rise of the US dollar, but increasing concerns about rising inflation kept gold prices above the level of 1,800 dollars an ounce.

Spot gold fell 0.2% to $1806.97 an ounce, after hitting its highest level since November 22 earlier in the session at $1,820, while US gold futures rose 0.1% to $1,810.90. As for other precious metals, silver fell 0.1% to $23.01 an ounce, while platinum rose 0.6% to $976.50, and palladium rose 1% to $191.18.