Gold prices fell on Monday, coinciding with a slight rise in the US dollar, and amid continued concerns about COVID-19.

 

Spot gold fell 0.5% to reach $1,800 per ounce, and gold futures contracts for August declined 0.6%, or $9.70, to reach $1,800.9 per ounce, by 09:56am GMT.

 

Elsewhere, silver fell 0.6% to $26.07 per ounce, palladium settled at $2,809.66 per ounce, and platinum declined 0.9% to $1,094.53 per ounce.

 

This week, investors are awaiting the release of US inflation data as well as Federal Reserve Chairman Jerome Powell's semi-annual testimony on monetary policy before Congress.

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