Gold falls as stronger dollar and inflation data weigh

Gold prices retreated on Wednesday as a strengthening United States dollar and persistent inflation worries fueled expectations that interest rates could remain elevated for longer. Spot prices fell 0.5% to $5,165.93 per ounce, while U.S. gold futures for April delivery declined 1.3% to $5,174.40. The rise in the U.S. dollar index, which gained 0.5%, pressured the metal by making it more expensive for international buyers.