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Gold Falls as Dollar Recovers

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rocky
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Gold Falls as Dollar Recovers

Post by rocky on Mon 22 Jan 2018, 3:14 am

Gold Falls as Dollar Recovers



Gold fell on Monday as the dollar regained its strength after coming down as US government activity halted as investors remained on the lookout. 
By 0715 GMT, spot gold fell 0.1 percent to $ 1329.75 an ounce.
The yellow metal lost 0.5 percent in spot trade last week, marking its first weekly loss in six weeks.
Gold futures in the US futures contract fell 0.3 percent to $ 1329.30 an ounce.
The dollar index, which tracks the performance of the greenback against a basket of other currencies, rose 0.1 percent to 90.626, after falling nearly 0.5 percent to 90,155.
"While the closure of US government bodies is not expected to continue long, traders are increasingly worried about its impact on the economy," ANZ analysts said in a note.
The spot price of silver fell 0.2 percent to $ 16.97 an ounce.
Platinum was little changed to settle at $ 1012 an ounce, after hitting its highest since September 8 at $ 1015.20 an ounce on Friday.
Palladium rose 0.1 percent to $ 1106 an ounce, after hitting record highs last week at $ 1138 an ounce.




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