Gold Fell Despite Middle East War

Gold fell on Thursday after the U.S. dollar rebounded against the euro and selling pressure built up at higher levels despite firm crude oil prices and the war in the Middle East.

The physical sector saw persistent selling from jewellery makers and investors in Asia, putting pressure on premiums for
gold bars in Hong Kong and Singapore.

Spot gold hit a high of $652.75 an ounce before retreating to $648.80/650.30 an ounce, down from $650.70/651.45 late in
New York.