Gold Prices Fall As Dollar And Stock Markets Rebound

Dubai – (Massader News)

Gold prices fell on Monday, coinciding with the recovery of the dollar and rising stock markets, and the price of metal futures fell by 0.7% to 1276.3 dollars an ounce, according to a report published by Mubasher.

The spot price of precious metal fell by 0.5% to $ 1273.6 an ounce, and the silver price fell by 0.3% to $ 16.62.

Gold prices were affected by the dollar gains against major currencies, and  the rise of the US, Japanese and euro zone stock markets, although the metal gained 3.6% in the third quarter of 2017 according to Mubasher.

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