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Gold falls to its lowest level in 4 months

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At 17:48 GMT, the spot price of gold was down 0.3 percent at $ 1271.36 an ounce, after hitting its lowest level since Dec. 26 at $ 1265.90 an ounce earlier in the session.

US gold futures fell 0.3 percent to settle at $ 1273.20 an ounce.

"Gold traders are playing because of the strength of the dollar and the stock and bond markets," said George Giro, managing director of RBC Wealth Management.

"The gold market is quieting a little bit, waiting for something as strong as inflation figures or some political changes in the US And until that happens, prices are expected to move in low ranges

Undervalued by the precious metal, the dollar index closed near a three-week high as market volatility eased, boosting demand for high-risk assets. The US currency also received support from rising US bond yields.

US stocks also rose on higher-than-expected earnings.

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At 17:48 GMT, the spot price of gold was down 0.3 percent at $ 1271.36 an ounce, after hitting its lowest level since Dec. 26 at $ 1265.90 an ounce earlier in the session.

US gold futures fell 0.3 percent to settle at $ 1273.20 an ounce.

"Gold traders are playing because of the strength of the dollar and the stock and bond markets," said George Giro, managing director of RBC Wealth Management.

"The gold market is quieting a little bit, waiting for something as strong as inflation figures or some political changes in the US And until that happens, prices are expected to move in low ranges

Undervalued by the precious metal, the dollar index closed near a three-week high as market volatility eased, boosting demand for high-risk assets. The US currency also received support from rising US bond yields.

US stocks also rose on higher-than-expected earnings.

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