Gold falls below $4,250 an ounce

Gold prices fell below $4,250 per troy ounce for the first time since March 23 as a stronger U.S. dollar and expectations of tighter monetary policy weighed on the precious metal.

Comex gold futures dropped below the level during trading, while spot prices hit their lowest point in more than two months. Analysts said rising U.S. Treasury yields and a stronger dollar reduced the appeal of non-yielding bullion. 

Investors are also awaiting U.S. inflation data that could shape the Federal Reserve’s next policy moves. 

N.Tebrizli