Gold Retreats as Doctors Hint About Trump

Gold fell on Monday, as the White House signal that US President Donald Trump was “responding well” to the Covid-19 treatment improved global sentiment, prompting the withdrawal of money from the metal that is usually considered a safe haven.

Doctors said his health was improving and he may return to the White House today.

Gold spot fell 0.4% to 1892.01 dollars an ounce, and US gold futures fell 0.6% to 1897.10 dollars.

But other experts warn that Trump’s case could be dangerous.

The dollar fell 0.1% against competing currencies, while stock markets rose, as Trump’s recovery helped calm financial markets.

Among other precious metals, silver rose 0.1%to $ 23.73 an ounce, platinum fell 0.9% to $ 873.96, and palladium lost 0.3% to $ 2,302.14.