Gold prices fell on Monday, affected by the rise of the dollar, as investors reduced their expectations that the US Federal Reserve would cut interest rates following the hawkish statements made last week by Chairman Jerome Powell. The precious metal was also negatively affected as trade tensions eased between the United States and China.
Spot gold declined 0.8 percent to 3968.76 dollars per ounce. Meanwhile, US gold futures for December delivery fell 0.5 percent to 3978.30 dollars per ounce.
