Gold prices fell to their lowest levels in two weeks on Monday as a stronger dollar and renewed risk appetite dampened demand for the precious metal. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $7.10
Gold prices were trading lower on Friday as the U.S. dollar rose amidst higher 10-year U.S. treasury yields
Gold prices slipped on Wednesday as dollar held its gains on the back of upbeat U.S. housing and industrial output data.
Concerns over geopolitical tensions and an ongoing trade spat between China and the U.S. may support safe haven demand for gold this week but the precious metal will remain vulnerable to any gains in the dollar in the face of expectations for higher U.S.
Gold prices pushed higher on Wednesday as a combination of concerns over ongoing trade tensions between the U.S. and China and the prospect of a U.S. military strike in Syria bolstered safe haven demand for the precious metal.