Gold prices fell today, Monday, affected by the rise in the dollar, as investors reduced their expectations that the Federal Reserve (the US central bank) would reduce interest rates following the hawkish statements made by Chairman Jerome Powell last week, while the precious metal was negatively affected by the decline in trade tension between America and China.
Gold in spot transactions fell 0.8 percent to $3,968.76 per ounce.
US gold futures for December delivery fell 0.5 percent to $3,978.30 an ounce.
As for other precious metals, silver in spot transactions fell 0.5 percent to $48.41 per ounce, platinum fell 0.1 percent to $1,566.40, and palladium fell 0.6 percent to $1,424.88.
