Gold falls to its lowest level in two months

Gold prices fell today to their lowest level in more than two months, with the US dollar rising to its highest level since January 2017, amid expectations that the US Federal Reserve will raise interest rates by 50 basis points at its next meeting. Spot gold fell 0.8% to $1,890.29 an ounce, after falling earlier in the session to $1,881.45, its lowest since February 24, and US gold futures fell 0.8% to $1,888.7 an ounce.

As for other precious metals, silver fell 0.4% to $ 23.40 an ounce after hitting its lowest level since February 15, platinum fell 0.3% to $ 918.04 an ounce, while palladium rose 1.2% to $2,211.88.