Gold declines with dollar gains and share recovery attempts

BANGALORE (Reuters) – Gold fell on Monday, moving away from the peak reached in three months from the previous session, as the dollar appreciated and European equities firmed.

At 10:36 GMT, spot gold fell 0.3% to 1230.08 dollars an ounce, after reaching its highest level since July 17 at 1243.32 dollars an ounce . The futures on gold futures futures fell 0.3% to $ 1,232 an ounce.

European equities opened higher on Monday, thanks to positive corporate earnings and the satisfaction of Italy's downgrade, thus helping equities to regain unrealized sales levels since December 2016.

The appreciation of the dollar by the metal's precious metal has also been reduced and the greenback has regained its 10-week high hit Friday by a basket of its major rivals due to worries about global growth prospects .

A rising dollar would increase the cost of metal for non-US currency holders.

For other precious metals, silver gained 0.2% to 14.64 dollars an ounce.

Palladium, which hit a record $ 1,150.50 an ounce last week, rose 0.4% to $ 1109.25 an ounce, while platinum rose by 10%. about 1% to 837.80 dollars an ounce.