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Gold falls below $1,800 despite falling dollar
Gold prices fell on Wednesday, and gave up the $1,800 barrier once again, despite the US dollar's drop and the release of weak economic data.
Data showed that the US industrial production index rose 0.4% during the August, slightly lower than forecasts of 0.5%.
The data increased uncertainty about the Federal Reserve's next move, especially about reducing the asset purchase program, as inflation seen the largest slowdown in 6 month.
The dollar index fell against a basket of major currencies by less than 0.1% to 92.5 points as of 17:53 GMT, after hitting a high of 92.6 points and a low of 92.4 points.
As of 17:53 GMT, gold spot prices fell 0.7% to $1,794.1 an ounce, after hitting a high of $1,808.5 and a low of $1,792.2.
Copper rises over 1% as dollar falls
Copper prices rose on Wednesday, as the US dollar fell against most currencies, while investors parse the US inflation data.
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The Energy Information Administration reported today that the US crude inventories fell 6.4 million barrels to 417.4 million barrels during the past week, while analysts forecast a drop by 3.5 million barrels.
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