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New York, June 01 (QNA) – Gold fell 1 percent in spot trading on Monday to $4,489.34 per ounce, after touching its highest level in two weeks last Friday.
US gold futures declined 1.9 percent to $4,506.30 per ounce.
The dollar strengthened, increasing the cost of dollar-denominated gold for holders of other currencies.
Among other precious metals, spot silver was little changed at $75.26 per ounce, while platinum rose 0.7 percent to $1,929.60 per ounce and palladium gained 0.9 percent to $1,366.44 per ounce. (QNA)
