Institution: Gold price fell due to dollar strength and interest rate concerns

Odaily Planet Daily News Gold prices continued to decline due to the strengthening of the U.S. dollar and concerns about tighter monetary policy, with spot gold falling more than $100 at one point during the session.

Analysts at IG said: "The market still expects that major central banks may need to raise interest rates again if energy prices remain stubbornly high." (Golden Ten)