US, WASHINGTON (ORDO NEWS) — The price of gold fell at low trading Monday on the back of a stronger dollar and stock markets, but continued tensions between the US and China limit losses.
The spot price of gold fell 0.41% to $ 1,726.96 per troy ounce by 14:16 GMT.
“The tension in the trade war is growing, which in the short term should continue to support gold prices along with a bullish cocktail of economic, trade and geopolitical factors,” said a note by Stephen Innes, chief market strategy specialist at AxiCorp, a financial services firm.
Palladium rose 0.8% to $ 1.961.58 an ounce, silver dipped 1% to $ 17.01 an ounce. The price of platinum fell 1.9% to $ 823.79.
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