The price of gold fell during the Asian trading session. XM analyst Raffi Boyadjian said in a report that this week's rebound in the US dollar has affected gold. A stronger dollar usually makes dollar-denominated gold more expensive for non-dollar currency holders. The analyst said that a possible rate hike by the Federal Reserve in September is also back in focus. Higher interest rate environments usually drag down unyielding gold. Spot gold fell 0.15% to $4,043.12 an ounce.

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