Gold falls from the highest level in three weeks with the rise of the stock and the strength of the dollar

Gold falls from the highest level in three weeks with the rise of the stock and the strength of the dollar

Gold falling one percent on Wednesday to its highest level in three weeks with the rise of European stock after the announcement of strong Chinese trade data, easing concerns about the Chinese economy as well as the acquisition of the dollar some strength.

The dollar rose 0.7 percent against a basket of currencies after falling to its lowest level in about eight months in the previous session as the stock jumped 2.1 percent.

By 1140 GMT, spot gold fell 1.1 percent transaction to $ 1241.80 an ounce (an ounce). Gold fell in futures June delivery to $ 17.60 to $ 1243.30 an ounce.

Gold jumped to its highest level since March 18 on Tuesday, of $ 1262.60 an ounce with the dollar's decline. But he struggled to maintain its gains with the acquisition of a stronger dollar and the rise of the stock markets.

And achieved gold its best performance in 30 years in the three months to March as the dollar slumped as investors reduced their expectations for the pace of raising US interest rates. The dollar lost more than four percent against a basket of currencies this year.

Among other precious metals silver fell 0.7 percent to $ 16.04 an ounce after recording its highest level in five months and a half month low of $ 16.21 an ounce on Tuesday.

Platinum fell 0.9 percent to $ 987.05 an ounce after jumping to the highest level in a month during trading in overseas markets when it stood at US $ 1001.88 an ounce.

And palladium fell 0.6 percent to $ 541.50 an ounce.