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Gold falls as the dollar rises after strong US retail sales data

Gold prices fell, on Tuesday, from their highest levels in more than five months, with the rise of the dollar after strong data on US retail sales for the month of October, making the precious metal more expensive for holders of other currencies.
And gold fell in spot transactions 0.56 percent to $ 1852.00 an ounce (an ounce) by 1920 GMT, after hitting earlier, the highest level since the fourteenth of June at $ 1876.90.

And US gold futures fell 0.7 percent to settle at $ 1854.10 an ounce.

US retail sales grew faster than expected last month, giving the economy a boost at the start of the fourth quarter. That data also pushed the dollar to a 16-month high.

And gold jumped more than two percent, since last Tuesday, after data showed that consumer prices in the United States jumped in October.

Among other precious metals, silver fell in spot transactions 0.87 percent to $ 24.82 an ounce, while platinum fell 2.2 percent to $ 1063.00. Palladium rose 0.28 percent to $2,160.10.

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