Gold Prices Fall as the Dollar Rises

On Monday, gold prices fell under pressure from a stronger dollar, as investors awaited a series of U.S. economic data releases this week that could shed further light on the Federal Reserve’s interest rate policy.اضافة اعلان

By 06:08 GMT, spot gold had declined 0.4% to $4,062.96 per ounce.

U.S. gold futures for December delivery dropped 0.7% to $4,064.50 per ounce.

The U.S. dollar index, which measures the currency’s performance against a basket of rivals, extended gains for a second session, making gold less attractive for holders of other currencies.

— Reuters