A slight drop in gold prices is accompanied by a rise in the dollar

Media IN – Agencies 25-06-2018

Gold prices fell on Monday as pressure on the dollar rallied on expectations of higher interest rates as global trade tensions kept the metal above the 6-month low hit last week.
Gold posted a slight drop in spot transactions by 0.3 percent to $ 1264.70 an ounce.
Gold in US futures futures in August also fell 0.3 percent to $ 1266.60 an ounce.
On the other hand, global stocks fell on fears of rising trade tensions, while the dollar index, which measures the performance of the US currency, rose against a basket of six major currencies 0.1 percent to 94.585, after reaching its highest level since July 2017 at 95.529 at the end of the week the past.
Gold typically benefits from political and economic tensions, but is struggling this time as the dollar gains strength, making the US-denominated metal more expensive for non-US investors.
For other precious metals, spot silver fell 0.7 percent to $ 16.31 an ounce.
Platinum rose 0.1 percent to $ 873.70 an ounce. Platinum touched $ 851.74 in the previous session, its lowest level since February 2016.
Palladium fell 0.6 percent to $ 951.22 an ounce, and the metal dropped to a seven-week low of $ 947.15 an ounce