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Reuters
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The price of gold fell on Monday as the rising US dollar and hopes of a rapid global economic recovery reduced the precious metal’s appeal as a safe haven.
Spot gold fell 1.5% to $ 1,705.90 an ounce at 2:00 p.m. GMT.
As US gold futures fell 1.6% to $ 1,704.60 an ounce.
Among other precious metals, palladium fell 5.5% to $ 2,529.30 an ounce, while silver fell 2.10% to $ 24.52 an ounce and platinum fell. 1% to $ 1,172.60 an ounce.
Source: Reuters
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