The price of gold on Thursday morning falls slightly as part of the correction, on Wednesday gold rose in price by 0.5% due to the weakening of the dollar after the release of weak statistics on the US, according to trading data, Prime reports.

The price of April gold futures on the New York Comex exchange fell by $3.4, or 0.19%, to $1,806.9 per troy ounce. March silver futures fell 0.62% to $22.567 an ounce.

The dollar index (the exchange rate against a basket of currencies of six countries - the main trading partners of the United States) decreased by 0.5% on Wednesday, and a cheaper dollar makes gold more accessible to investors who own other currencies. Gold, respectively, rose in price a day earlier by 0.5%.