Gold falls in Asia

Gold prices on Wednesday fell from eight-week highs hit in the previous session as the dollar recovered from lows and investors booked profits ahead of Donald Trump's inauguration as US president later this week. Spot gold fell 0.3 percent to $1,212.43 per ounce by 0706 GMT. Bullion hit an eight-week high of $1,218.64 in the previous session.
US gold futures fell 0.1 percent to $1,212 per ounce.
"After a quick push higher right on the open, gold succumbed to some profit taking and producer selling throughout the morning," MKS PAMP Group trader Alex Thorndike said.
"A slight reprieve for the greenback also helped to soften gold and silver."