Gold fell on Thursday as the dollar rose and stock markets gained confidence with the latest positive development in the U.S.-China trade deal, but concerns over decelerating global economy kept prices hemmed near a multiyear peak.

Silver eased alongside gold after hitting its highest in more than two years.

Spot gold fell 0.8% to $1,526.62 per ounce, hovering near its highest level since April 2013 at $1,554.56 on Monday. U.S. gold futures settled down 0.8% at $1,536.90 an ounce.

Gold prices have gained about 8% so far this month, which could be its best month since June 2016 as fragile sentiment over the global economy boosted demand for the safe-haven metal.

Source : Reuters