Dubai – (Masaader News)
The price of gold fell during trading on Monday, due to the possibility of US interest rate increase.
The precious metal was negatively affected by the US data released last Friday on modifying the rate of growth of the US economy, up to 1.2% in the first quarter of this year.
Gold futures fell 0.1% to $ 1269.8 an ounce on Monday, while the spot price of the metal settled at $ 1267.06 an ounce.
The US jobs data is expected to be released next Friday to assess the chances of a rate hike at the Fed meeting in June.
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