Gold fell to a four-month low

                                                                                    INQUIRY

      Gold fell to a nearly four-month low on Tuesday as the dollar strengthened and investors sought riskier assets, undermining the attractiveness of gold.
Spot gold fell 0.3% to $1,271.36 an ounce at 1748 GMT, and earlier fell to its lowest level since December 26 at $1,265.90.
U.S. gold futures closed down 0.3% at $1,273.20 an ounce.
George Gero, managing director of RBC Wealth Management, said: "Gold traders are on the sidelines as the dollar, stock and bond markets strengthen."
"Gold is in the second place, waiting for specific news such as inflation data or some political changes in the United States," he said. Prior to that, gold prices are expected to be in a lower range.
The dollar index remained at its highest level in nearly three weeks as falling market volatility boosted demand for risky assets, while higher yields on U.S. Treasuries also supported the dollar.


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