Gold Prices Fall As Dollar Recovers

Dubai – (Massader News)

Gold prices fell on Monday, coinciding with the recovery of the dollar against most major currencies, and the price of gold futures fell by 0.9% to 1313.7 dollars an ounce, according to a report published by Mubasher.

The spot price of precious metal fell 0.8% to $ 1309.8 an ounce.

The Fed is meeting next Wednesday to announce the monetary policy of the United States.

The dollar rose against the pound by 0.4% to $ 1.3545, stabilized against the Swiss franc by 0.9600 francs, and increased against the Japanese yen by 0.6% to 111.5 yen, according to Mubasher.

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