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Gold Prices Fall, with Strength in The Dollar Pulling Prices Below $1,700


Tuesday, 12 May 2020 01:54 WIB

GOLDEMAS


Gold prices fell on Monday, with strength in the dollar pressuring prices for the precious metal, as investors eyed concerns about tensions between the U.S. and China and the latest moves to relax shutdowns related to COVID-19.

Meanwhile, President Donald Trump's administration is planning to issue a warning that hackers tied to the Chinese government are attempting to steal data from U.S. researchers developing a coronavirus vaccine, The Wall Street Journal reported on Monday.

The charge comes as Sino-American tensions have flared up lately, with Trump on Friday saying during a Fox News interview that he was unsure if he should cancel a partial trade deal between Washington and Beijing forged in January.

On Comex, June gold fell $15.90, or 0.9%, to settle at $1,698 an ounce, after the most-active contract for gold saw a weekly rise of almost 0.8% put in on Friday.

Source : Marketwatch


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