Gold falls on stronger dollar

emirates7 - Gold prices fell to a near one-week low on Monday, pressured by a stronger dollar.

Spot gold was down 1.1 percent at US$4,694.30 per ounce, its lowest level since 7th April. US gold futures for June delivery fell 1.4 percent to US$4,717.80.

Among other metals, spot silver fell 1.9 percent to US$74.45 per ounce, platinum lost 1.3 percent to US$2,019.35, while palladium gained 0.7 percent to US$1,531.50.