Dollar recovery pushes gold prices down

Feb 11, 2021 AlShorts Web Desk

Gold prices Thursday fell as dollar recovered from a two-week decline. While Spot gold declined by 0.3% to USD1,837.13 per ounce, US gold futures, on the other hand, dipped by 0.3% to USD1,837.40 per ounce. A soft US inflation data also contributed to the decline. Meanwhile, investors have their eyes set on the upcoming USD1.9 trillion US stimulus package.