Gold Dips On Strength In US Dollar

Posted By: Religare
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Gold futures closed lower in the international market on Monday as strength in the dollar put some pressure on dollar-denominated prices for the precious metal, though modest gains in the U.S. stock market, helped to cap gold's decline.

Gold Dips On Strength In US Dollar

Gold's modest move is a slight indicator towards safe-haven buying if U.S. equities take a pause after multiple records last week.

Gold, which is priced in dollars, is highly sensitive to moves in its exchange rate. The two assets typically move inversely. And stock gains tend to, but don't always, lure investors away from haven gold.

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