Gold futures on the COMEX division of the New York Mercantile Exchange fell on Monday as U.S. equities gained strength after last week's deep losses.
The most active gold contract for December delivery fell 5.9 U. S. dollars, or 0.46 percent, to settle at 1,288.9 dollars per ounce.
Gold fell as the S&P 500 and Dow Jones Industrial Average both rebounded Monday after Portugal announced a 4.9-billion-euro (6.6 billion U.S. dollars) rescue plan for the country's second largest lender, Banco Espirito Santo, whose shares plummeted last week.
The upheaval surrounding the bank has some investors worried about renewed turmoil for Europe's banking system, which had caused a jump to gold as a safe haven last month.
However, some traders expect gold to be bearish and any price rallies are a cause for selling amid an improving economy.
Silver for September delivery lost 13.8 cents, or 0.68 percent, to close at 20.233 dollars per ounce. Platinum for October delivery gained 3.3 dollars, or 0.23 percent, to close at 1466.6 dollars per ounce.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor