Dollar strengthens

Gold prices rose 1.6% this morning after falling to $1,791.90 an ounce on Tuesday together due to the strong U.S. dollar.

Gold futures contracts gain slightly. At 10:47 p.m. ET (2:47GMT), it was up just 0.08% at $1,792.50/oz.

The U.S. dollar, moving in the opposite direction to gold, gained this week.

The yield on the 10-year U.S. Treasury yield rose to 1.385%, the highest increase in nearly two months.

JOLTs data released today show job openings rising to 10.9 million. The previous forecast was 10 million. Investors will also keep an eye on the publication of the Beige Book. The book is a report by the Federal Reserve on current economic conditions. If both reports are positive, this could put even more pressure on the gold price.

Meanwhile, the Bank of Canada has announced to leave interest rates close to zero at 0.25%. Bond purchases also remain unchanged. Tomorrow, the ECB will also decide on the further interest rate policy in the eurozone. No change in the current interest rate policy is expected.

Other precious metals:

Silver increased by 1.40%,at $24.047

Platinum increased by 1.81%,at $985.00

Palladium increased by 5.88%,at $2,326.00

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