Gold prices fall as stronger US dollar puts pressure on market
Gold prices dropped on Monday as the US dollar became stronger, making gold more expensive for buyers using other currencies.
In the latest trading, spot gold fell 1.1 percent to $4,694.30 per ounce. This was its lowest price since April 7, 2026. US gold futures for June delivery also moved down, losing 1.4 percent to $4,717.80.
Other precious metals also saw changes. Spot silver fell 1.9 percent to $74.45 per ounce. Platinum dropped 1.3 percent to $2,019.35 per ounce. Palladium was the only metal to rise, gaining 0.7 percent to $1,531.50 per ounce.
A stronger dollar often pushes gold prices lower because it makes gold cost more for people buying with other currencies. Investors are now watching the market closely to see whether gold prices will keep falling or recover in the coming days.
