Gold fell to its lowest in three weeks on Wednesday on higher equities and as the dollar hit a four-month high following strong U.S. economic data, which raised expectations that the Federal Reserve may raise rates before the end of the year.
Spot gold fell 1.19 percent to $1,315.51. U.S. gold was down 1.25 percent at $1,315.60 an ounce.
A fund that tracks gold mining companies was down 3.84 percent.
The dollar was up 0.14 percent against a basket of six currencies, after hitting its highest for four months on data showing U.S. housing starts surged more than expected in June, underpinning a theme of strength in the U.S. economy.
via CNBC
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