Gold retreats with the recovery of the dollar after the shutdown of the American government

The gold retreat on Monday with the recovery of the dollar's strength after its earlier fall due to the suspension of U.S. government activities while investors are still in a state of anticipation.

By 0715 GMT, gold in simultaneous transactions dropped 0.1 percent to 1329.75 dollars per ounce. The yellow metal lost 0.5 percent in immediate dealings last week, registering its first weekly losses in six weeks.

Gold in American futures contracts fell 0.3 percent to 1329.30 dollars a ounce.

The dollar index, which measures the performance of the US currency in front of a basket of other currencies, rose 0.1 percent to 90.626, after falling about 0.5 percent to 90.155.

"While the closure of government bodies in the United States is not expected to continue long, dealers are increasingly concerned about its impact on the economy," said an analyst with a. Z.

The immediate price of the faits fell 0.2 percent to 16.97 dollars a ounce.

The platinum did not record a significant change to settle at $1012 per ounce, after touching its highest level since Sept. 8 September at 1015.20 dollars a day on Friday.

Palladium increased 0.1% to $1106 per ounce, after high record highs last week at $1138 per ounce.

I hope you enjoyed reading this ARTICLE.