Gold falls on firm dollar

Gold prices fell on Friday, as the US dollar rose against most major currencies, while investors turned to stock markets.

The latest US companies that reported their quarterly were Twitter and Intel Corp.

Efforts to contain the coronavirus pandemic are continuing around the world, especially after the emergence of the new highly spreading Delta variant.

The World Health Organization stated that coronavirus infections have increased in the US, Europe and Asia due to the new Delta strain, which has renewed fears of the pandemic spreading out of control.

The dollar index rose against a basket of major currencies by 0.1% to 92.9 points as of 19:33 GMT, after hitting a high of 93.02 points and a low of 92.7 points.

Gold spot prices fell 0.2% to $1,802.4 an ounce as of 19:34 GMT.