The price of gold fell to its lowest level since late January, as the dollar strengthened after the increase in economic forecasting U.S. Federal Reserve.

Gold has lost almost all of the profits accumulated from January 25, when the Fed hinted at the possibility of additional stimulus measures.

The dollar rose to a 11-month high against the yen and U.S. government bond yields rose. Improved economic outlook encourages investors to seek riskier investments such as stocks.

April futures price of gold on COMEX has fallen today to $ 1639.2 an ounce.