Gold prices fell on Wednesday as the dollar remained firm, sapping gold's appeal as an alternative investment, and on easing inflation fears as oil prices weakened. Gold has been hurt by the dollar's strength as investors have recently preferred the US currency to bullion as a safe store of value amid fears over the economic outlook.
Spot gold had fallen 0.3 percent to a low of $920.60 an ounce earlier before trading at $922.80 per ounce at 0536 GMT, down 0.1 percent from New York's notional close of $923.30. US gold futures for August delivery fell 0.7 percent to $922.70 an ounce, compared with $929.10 an ounce on the COMEX division of the New York Mercantile Exchange.
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