Gold prices continued their decline on Monday, weighed down by a stronger dollar. Spot gold fell 1.5 percent to $4,793.97 per ounce, after hitting its lowest level in more than a week last Friday. Gold had previously reached an all-time high of $5,594.82 on Thursday.
U.S. gold futures for February delivery rose 1.6 percent to $4,818.10 per ounce. Among other precious metals, spot silver increased by 1.6 percent to $85.98 per ounce, having reached an all-time high of $121.64 last Thursday.
Spot platinum dropped 2 percent to $2,120.05 per ounce, following an all-time high of $2,918.80 on January 26. Meanwhile, palladium fell 0.9 percent to $1,682.59.
Source: sabqpress
