Gold’s four-session winning streak came to an end on Monday, as prices retreated under the pressure of a strong dollar and profit-taking. Investors are now focusing on key U.S. economic data for insights into the Federal Reserve’s monetary policy outlook.
Spot gold fell 1.1% to $2,625.69 per ounce, while U.S. gold futures dropped 1.2% to $2,648.40 per ounce.
Among other precious metals, silver slid 1.6% to $30.10 per ounce, platinum declined 0.6% to $939.90, and palladium decreased by 1% to $968.37.
