Gold falls to lowest level in month as dollar strengthens

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Gold prices fell to their lowest level in a month on Friday and were headed for their biggest weekly loss in four 

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As the dollar strengthened on the back of solid U.S. economic data and prospects for more interest rate hikes this year.

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The metal was also hurt by technical selling and concern that central bank buying, which has been a key support this year, may taper off.

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Spot gold was down 0.4 percent at $1,284 an ounce by 10:48 a.m. EDT (1448 GMT) 

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After earlier touching its weakest since March 8 at $1,282.10. U.S. gold futures for June delivery were down $2.90 an ounce at $1,285.10.

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"Gold is under pressure due to the general firmness in the dollar 

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Also because of some technical selling after it failed to break out of its recent range," said Suki Cooper, precious metals analyst at Barclays Capital.

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The dollar index, which tracks the greenback against a basket of major currencies.

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Rose to a one-month high on Friday after data showed U.S. retail sales rebounded in March and inflation pressed higher last month.

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Fed Chair Janet Yellen reaffirmed on Thursday that the central bank was on track to raise rates gradually. 

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