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Gold is falling ahead of economic data

New York (Reuters)

Gold prices fell in a narrow range today in light of the dollar’s rally, but the precious metal hasn’t strayed far from the all-week high it recorded in the previous session, pending economic data to be released. published during the current week.

Spot gold fell 0.2% to $1,813.23 an ounce by 0957 GMT, after rising more than 1% Tuesday on the back of a declining dollar.

U.S. gold futures fell 0.2% to $1,822.70.

The dollar index rose yesterday after falling in the previous session. Investors are awaiting US GDP data due out on Thursday, as well as the Core Personal Consumption Expenditures (PCE) price index due out on Friday.

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