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Gold Prices Fall on Stronger Dollar
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4 Articles
Gold prices fall on stronger dollar
World Capitals: Gold prices fell on Monday as the dollar strengthened, with spot gold declining 0.7 percent to US$4,793.98 per ounce as of 03:51 GMT, after hitting its lowest level since April 13 earlier in the session.U.S. gold futures for June delivery dropped 1.4 percent to US$4,813.60.Among other metals, spot silver fell 0.9 percent to US$80.04 per ounce, platinum declined 0.5 percent to US$2,093.56, while palladium remained steady at US$1,5…
Gold and silver prices fell on Tuesday, pressured by a stronger dollar. Spot gold was down 0.2% at $4,807.91 per ounce by 02:17 GMT, extending losses from the previous session when it hit its lowest level since April 13. U.S. gold futures for June delivery were steady at $4,827.30. Silver fell 0.6% to $79.40 per ounce, platinum dropped 0.7% to $2,074, while palladium rose 0.3% to $1,556.16 per ounce.
Cash gold dropped 0.7 percent, to $4,793.98 per ounce after reaching its lowest level since April 13 earlier in the session.
Gold prices fell this Monday due to the strengthening of the dollar and renewed fears of inflation, after a new closure of the Strait of Ormuz led to a rise in oil prices.At 11:03 GMT, spot gold lost 0.8 per cent, at $4,790.59 per ounce, after reaching its lowest level since 13 April earlier in the session. Gold futures in the United States for delivery in June were down 1.4 per cent, to $4,811.
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