Gold closes below $1,800 anew

Gold futures fell on Wednesday, to close below $1,800, as the US dollar held against its peers, while the US stocks rallied.

US Federal Reserve Chairman Jerome Powell stressed during his semi-annual testimony before the Senate Banking Committee that employment and inflation rates are still far from the Fed's goals.

Powell had stressed before that the US economy's recovery had moderated and employment slowed during the past few months, but expressed optimism about a return to recovery in tandem with vaccination.

The dollar index held against a basket of major currencies at 90.1 points as of 20:03 GMT, after hitting a high of 90.4 points and a low of 89.9 points.

Gold April futures fell 0.4% or $8, and closed at $1,796.9 an ounce, with today’s high at $1,813, and the low at $1,782.2.