Gold price falls while USD strengthens

The price of gold fell on Thursday morning, Report informs.

The strengthening of the dollar is holding back the quotes of the precious metal, and the markets continue to evaluate the plans of the US Federal Reserve System (Fed) regarding the key rate.

The price of April gold futures on the New York Comex exchange fell by $4.75, or 0.26%, to $1,840.65 per troy ounce. May futures for silver fell 0.25% to $21.043 per ounce.

The dollar index (the exchange rate against a basket of currencies of six US trading partners) is growing by 0.1%, to 104.58 points. A stronger dollar makes gold less available to buy in another currency.