Doha: Gold prices fell Monday, nearing their lowest level in three weeks, due to improved sentiment and the dollar after the US and the European Union (EU) reached a trade agreement, while investors await the Federal Reserve’s monetary policy meeting later this week. Spot gold fell 1 percent to $3,304.87 per ounce, touching its lowest level since July 9. US gold futures also fell 0.6 percent to $3,320.20 per ounce.
According to Qatar News Agency, the dollar index rose to a one-week high, making gold more expensive for foreign buyers. As for other precious metals, spot silver fell 0.2 percent to $38.05 per ounce, platinum fell 1.8 percent to $1,375.88, and palladium rose 0.5 percent to $1,226.25.