Exchange gold falls in price as of today amid a stronger dollar in trading on Friday.

The exchange price of gold fell in price on Friday amid a stronger dollar, according to experts comments and trading data.

The December gold futures price on the New York Comex exchange fell by $5.85, or 0.33% to $1,765.35 a troy ounce. Silver futures for September delivery dropped 2.23% to $19.030 per ounce.

Why does gold fall in price action?

What are the reasons why gold falls in price action? The main factor contributing to the decline in gold prices is the growth of the U.S. currency. The more expensive the dollar, the more unaffordable the precious metal becomes for investors, holding other currencies. The dollar index is up 0.54% to 108.07 points.

“Gold is down again as the dollar continues to receive strong support. The dollar’s recovery is putting a lot of pressure on the yellow metal, which has already started taking profits after reaching the $1,800 mark,” Craig Erlam, chief market strategist at broker OANDA, told MarketWatch.

Earlier, we reported that Middle Eastern countries will receive an additional $1.3 trillion in oil and gas revenues.