The dollar is hovering near the highest level in two months, amid investors' appetite for the currency, which represents a safe haven, in light of the continued faltering talks on the debt ceiling in the United States.
And US Treasury Secretary Janet Yellen warns that the federal government may not have enough money to pay all its obligations by June 1.
Gold fell 0.1 percent in spot transactions, to $1973.38 an ounce, while US gold futures settled at $1975.90.
Source (Emirati Gulf Newspaper, edited)
