Gold fell to a more than one-week low on Monday, dragged by a firmer dollar amid doubts over the United States’ plans to reopen the world’s largest economy as the novel coronavirus pandemic showed no signs of easing.
Spot gold fell 0.5% to $1,675.17 per ounce by 08:16 GMT, having touched its lowest since April 9 earlier.
The metal slumped about 2% on Friday on hopes that the U.S. economy might reopen soon.
Palladium rose 2.2% to $2,204.81 per ounce, platinum gained 0.1% to $775.83, while silver was steady at $15.13.