Gold declines as stronger dollar weighs on prices

Gold prices fell on Monday as the dollar firmed, with spot gold declining 0.7 per cent to $4,793.98 per ounce as of 03:51 GMT, after hitting its lowest level since 13th April earlier in the session.

US gold futures for June delivery dropped 1.4 per cent to $4,813.60.

Among other metals, spot silver fell 0.9 per cent to $80.04 per ounce, platinum declined 0.5 per cent to $2,093.56, while palladium remained steady at $1,558.60 per ounce.

WAM

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