Gold Falls as Dollar Strengthens and Interest Rate Cut Expectations Weaken

Gold prices declined on Monday as the U.S. dollar strengthened and investors scaled back expectations of a Federal Reserve interest rate cut, following hawkish remarks from Fed Chair Jerome Powell last week. The precious metal was also negatively affected by easing trade tensions between the United States and China.اضافة اعلان

Spot gold fell 0.8% to $3,968.76 per ounce as of 00:16 GMT, while U.S. gold futures for December delivery dropped 0.5% to $3,978.30 per ounce.

Reuters